The European Union has put off until December a decision on whether to tap frozen Russian central bank assets to aid Ukraine, threatening an effort to get Ukraine fresh funding by early 2026.
Talks stalled after Belgium demanded greater assurances it would not be held liable for risks linked to the proposed €140 billion in loans, given the money is mostly held in Belgium.
Ultimately, EU leaders asked the European Commission, the EU’s executive arm, to come up with Ukraine financing options to consider at their next summit.
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