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Ukraine asks EU to back loan using frozen Russian money

2025-10-23 18:28:00, Kosova & Bota CNA

Ukraine asks EU to back loan using frozen Russian money

Ukraine's president has asked the European Union to support a plan to free up billions of euros of frozen Russian money to help fund the country's defense.

As EU leaders met in Brussels, Volodymyr Zelensky said he hoped they would make a "positive decision" regarding the use of 140 billion euros (122 billion pounds) in Russian assets currently held in a Belgian clearing house.

The controversial measure would be in addition to sanctions the bloc has imposed on Russia - the latest on Thursday targeting the Kremlin's oil revenues.

They followed US measures against Russia's oil industry earlier - the first time President Donald Trump has sanctioned Moscow as he grows increasingly frustrated with President Vladimir Putin's refusal to end the war.

On Wednesday evening, the US president confirmed that a planned meeting with Putin in Budapest had been postponed indefinitely.

US sanctions targeted Russian oil giants Rosneft and Lukoil.

On Thursday, European ministers held talks on how frozen Russian money worth billions of euros could be made available to Ukraine as a so-called "reparations loan."/ CNA





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