European scrutiny on Russian assets for Ukraine
Netherlands, Poland, Spain, and Sweden have called on the European Union to reconsider the use of frozen assets of the Russian Central Bank to fund Ukraine, as no agreement has been reached on using approximately 200 billion euros of Moscow's funds due to objections from Belgium. In the absence of consensus, the member states resorted to providing a 90 billion euro loan from their own resources to support Ukraine, but they are now calling for the exploration of alternative options to better utilize the frozen assets to help Kyiv cover the increasing costs of the war. EU foreign ministers will discuss this issue next week.
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