The European Union is considering a plan to use Russia’s frozen assets to aid Ukraine.
EU leaders are expected to give the initial green light on Thursday, November 1st, in Brussels for a massive new compensation loan to Ukraine, funded by Russia’s blocked assets.
This move is considered a crucial step to maintain Kyiv’s ability to fight against Moscow and to force the Kremlin to bear the costs of the war. However, it also faces significant legal and political limitations and concerns.
According to the French news agency, to circumvent these obstacles, the European Commission has proposed a complex plan that could provide Kyiv with 140 billion euros, equivalent to 162 billion dollars, over the next few years.
