EU Eyes Sanctions Extension to Unlock $50 Billion in Ukraine Aid
- EU ambassadors discussed three commission proposals on Friday
- US demands changes for $50 billion asset-backed plan for Kyiv
Ukrainian servicemen operate an armoured military vehicle in the Sumy region of Ukraine, on Aug. 14.
Photographer: Roman Pilipey/AFP/Getty ImagesEuropean Union member states reviewed three proposals to tweak the bloc’s sanction regime in order to assuage American concerns and unlock a plan to deliver $50 billion in aid to Ukraine backed by the profits of frozen Russian central bank assets.
The EU sanctions that keep the Russian assets immobilized need to be renewed by unanimous vote every six months. The US has sought assurances that the assets will remain frozen since their profits will be used to repay the aid package.