EU Proposes Using Frozen Russian Assets to Fund 90-Billion-Euro Ukraine Aid Package

The European Union has unveiled a detailed plan to use frozen Russian state assets to provide Ukraine with up to 90 billion euros in aid. The funds would support Kyiv's budget over the next two years. The European Commission, the EU's executive body, presented the proposal on Wednesday. It aims to address Ukraine's significant financial shortfalls as the war with Russia continues. The plan faces political hurdles, including notable opposition from Belgium. A key EU member, Belgium holds a large portion of the frozen Russian assets within its financial system. The proposal represents a major step in the bloc's effort to make Russia pay for Ukraine's reconstruction. EU leaders will now debate the legal and practical details of the initiative.