Summary
The European Union (EU) has a plan to use frozen Russian assets to support Ukraine financially. Belgium is opposing the plan due to concerns about legal and financial risks. The EU aims to provide a total of 90 billion euros to Ukraine over 2026-27, mainly through loans backed by these frozen assets.
Key Facts
- The EU plans to use billions from frozen Russian assets to help Ukraine.
- Belgium is worried about legal and financial risks related to the plan.
- The EU intends to provide 90 billion euros to Ukraine for 2026-27.
- This support is part of Ukraine’s estimated budget needs of 137 billion euros, as assessed by the International Monetary Fund.
- Most EU officials prefer using frozen Russian assets instead of other funding methods.
- The plan involves using the frozen assets as collateral for loans to Ukraine.
- Ukraine would repay these loans once it receives compensation from Russia.
- Hungary may veto this plan, as it has opposed previous EU aid to Ukraine.
