European Union leaders will discuss a proposal to use windfall profits generated by immobilized assets to help Kyiv.
German Chancellor Olaf Scholz talks to the media as he arrives to attend the European Council meeting in Brussels on Thursday. BRUSSELS — In the aftermath of Moscow’s full-scale invasion, allies froze more than $300 billion in assets, confidently vowing to “make Russia pay” to rebuild Ukraine.
The saga of mobilizing those frozen assets to help Ukraine in some ways captures the mood in Europe, as bold pronouncements about stopping Putin and standing with Ukraine until victory come up against the grim realities of the war.and worrying signals from the United States, where funding for Ukraine is stalled and Republican presidential candidate Donald Trump is once again railing against NATO.
From the outset, some member states wanted to use all the assets to help Ukraine. Others were wary, raising question about the legality and long-term consequences of such a move. “It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine’s continued resistance and long-term reconstruction,” Yellen said in São Paulo, Brazil,
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