EU Nears Deal to Secure Russian Assets for Ukraine Aid

• EU is nearing a deal to extend the freeze on Russian assets, a step towards using them for Ukraine.
• The proposal would change the asset freeze renewal from unanimous to a qualified majority vote, ensuring continued immobilization.
• This aims to secure up to €210 billion in Russian assets and address concerns about potential vetoes.
• Belgium, holding most assets, seeks guarantees due to liability concerns if funds are unfrozen.
• EU leaders plan to approve a €90 billion loan for Ukraine on Dec 18, funded by these assets, to cover vital needs.

Why It Matters: EU's asset freeze deal provides crucial funding for Ukraine's war effort.