EU Leaders Defer Decision on Russian Assets as Belgium Balks
Leaders from EU countries sit at a roundtable meeting at a European Council meeting in Brussels on Oct. 23.
Photographer: Simon Wohlfahrt/BloombergThe European Union put off until December a decision on whether to tap frozen Russian central bank assets to aid Ukraine, threatening an effort to get Ukraine fresh funding by early 2026.
Talks stalled after Belgium demanded greater assurances it wouldn’t be held liable for risks linked to the proposed €140 billion ($163 billion) in loans, given the money is mostly held in Belgium.