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EU leaders face crunch decision on using frozen Russian assets for Ukraine

  • On Thursday, EU leaders in Brussels will decide whether to use 210 billion euros of frozen Russian assets to underwrite a 90 billion-euro loan to Ukraine, chaired by European Council President Antonio Costa.
  • Amid growing urgency, Ukraine faces a 193 billion shortfall and is set to run out of money in April, according to Zelenskyy’s appeal to EU leaders.
  • Euroclear, Brussels-based securities depository, holds most frozen assets—some 193 billion euros as of September—and the European Commission proposes converting them into EU debt instruments with safeguards to protect Belgium.
  • Facing legal action and pressure, Belgium insists on ironclad guarantees before backing a loan, with Belgian Prime Minister Bart De Wever saying, `At this stage, the guarantees offered by the Commission remain insufficient.` Russia's Central Bank sued Euroclear last week, increasing pressure.
  • Passing the plan would require at least 15 states representing 65% of Europe's population, while Hungary blocks the Commission's unanimous borrowing backup and German Chancellor Friedrich Merz urges a clear signal to Moscow.
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Russia has few legal options to challenge EU frozen asset plan

THE HAGUE, Netherlands (AP) — A core question for European Union leaders discussing whether to use frozen Russian assets to help Ukraine is whether the idea is legally sound. But even if they approve the plan, Russia has limited options for challenging it in court.

·Raleigh, United States
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Euronews broke the news in France on Monday, December 15, 2025.
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