The European Union has backed an indefinite freeze on Russia’s frozen cash as it moves forward with plans to provide financial support to Ukraine. The decision comes ahead of a proposed loan scheme that would use profits generated from the frozen Russian assets to help fund Ukraine’s recovery and defence needs. EU officials say the move is aimed at maintaining pressure on Moscow while ensuring long-term assistance for Kyiv, though the plan has raised legal and political questions among some member states.
- Mon, 20 April 2026
