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Alexander Korolev, Senior Lecturer in Politics and International Relations, UNSW Sydney

By delaying a decision on using Russia’s frozen assets for Ukraine, Europe is quietly hedging its bets

As Russia continues its grinding offensive and Ukraine braces for another winter of war, the European Union remains paralysed over a seemingly straightforward decision: whether to use 140 billion euros (A$250 billion) in frozen Russian assets to support Kyiv.

Officially, the delay is about legal caution and financial liability.

But beneath the surface, a more uncomfortable truth is emerging: some EU leaders may no longer believe Ukraine can win.

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