EU Freezes Russian Assets
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European leaders agree to fund Ukraine for 2 years but using Russian assets poses a major test
Unveiling her plan on Dec. 4, European Commission President Ursula von der Leyen said the EU would cover two-thirds of Ukraine’s needs for 2026 and 2027, for a total of 90 billion euros ($105 billion). International partners would fill the gap.
The European Union has agreed to indefinitely freeze $AUD370 billion (€210 billion) in Russian assets in a major bid to back Ukraine and choke Moscow's finances.
Ukraine is taking technical steps toward membership in the European Union after vetoes by Hungary. Ukraine and the EU have a plan for it to prepare.
Cyprus joined the EU in 2004 as a war-divided island and could offer Ukraine a blueprint for accession. The island will take over the EU’s rotating presidency from Denmark on Jan. 1 and has promised to continue work on Ukraine’s bid.
Germany will host U.S. and Ukrainian delegations over the weekend for talks on a ceasefire in Ukraine, before a summit with European leaders and President Volodymyr Zelenskiy in Berlin on Monday, a German official said.
European Union member states have approved nearly $2.7 billion in funding for Ukraine as part of a plan to bolster the war-besieged nation's recovery, reconstruction and modernization.
EU enlargement chief Marta Kos says Ukraine’s EU membership is “inevitable” and has expressed confidence that Hungary will not block the country’s accession, even as Budapest objects to moving ahead d