US Peace Plan Threatens EU’s Use of Frozen Russian Assets for Ukraine Aid
The US-drafted peace plan for Ukraine has raised concerns that it could undermine the EU’s efforts to use frozen Russian assets to fund Kyiv. The German newspaper Handelsblatt reported that the proposal might jeopardize the delayed financial aid promised by Brussels. The EU had planned to secure a €140 billion loan for Ukraine, backed by Russia’s immobilized funds held in Belgium, but the new US proposal creates uncertainty. The White House’s plan reportedly allocates $100 billion from frozen assets for reconstruction, with $,000 billion earmarked for joint projects with Moscow. Belgium and other EU members are wary of the new financial and legal risks involved. Meanwhile, Putin has not yet commented in detail on the US proposal but acknowledged its potential to form the basis of a peace settlement.