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European Leaders Discuss Financing Ukraine With Frozen Russian Assets

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European Leaders Discuss Financing Ukraine With Frozen Russian Assets

The European Council convened in Brussels to discuss leveraging up to $247 billion in frozen Russian government assets held in Europe to finance Ukraine’s war effort.

“Either money today or blood tomorrow. And I am not talking about Ukraine only, I’m talking about Europe. I think all European leaders have to finally rise to this occasion.” “We have to find a solution today. The president of the council said, and I support him with that, ‘We will not leave the European Council without a solution for the funding for Ukraine for the next two years.’” “The whole idea is a stupid one. To take away the money of somebody — there are two countries which are in war, yes? It’s not European Union. Russia and Ukraine. And somebody, European Union, would like to take away the money of one of the warring parties, and then to give it to another one. It’s a marching into the war. So the Belgian prime minister is right. We should not do that.”

The European Council convened in Brussels to discuss leveraging up to $247 billion in frozen Russian government assets held in Europe to finance Ukraine’s war effort.

By Nader Ibrahim

December 18, 2025

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