💨 Abstract

European Union leaders are set to discuss a high-stakes plan to use frozen Russian assets to aid Ukraine, which faces potential bankruptcy. The EU needs to secure €137 billion for Ukraine in 2026 and 2027. The proposed "reparations loan" of €90 billion, backed by €210 billion in frozen Russian assets, is contentious. The European Central Bank warns it could damage trust in the euro.

Courtesy: WTOP Staff