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EU Freezes Russian Assets, Divided on Ukraine Funding

12/15/2025

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Story summary
  • The European Union has made Russian asset freezes permanent and removed Hungary's veto over renewals.
  • Kaja Kallas says converting frozen assets into loans for Ukraine is the most credible option, but member states are divided.
  • Belgium, where most assets are held, pushes for alternative funding options, but none exist.
  • The United States and Ukraine are resuming peace talks in Berlin.
  • EU leaders have 72 hours to act on asset use.