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The Independent UK

World

James C. Reynolds and Maira Butt

Why the EU could not agree on using £80bn of frozen Russian assets to fund Ukraine’s war effort

European Union Russia Ukraine Europe Belgium Bart De Wever Friedrich Merz Vladimir Putin Euro Euroclear

European Union leaders have agreed to borrow cash to loan €90 billion to Ukraine to fund its war effort against Russia for the next two years – but failed to reach an agreement on the use of frozen Russian assets.

After talks ended in the early hours of Friday, EU summit chairman Antonio Costa told reporters: “We committed and we delivered”.

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