EU leaders meet in Brussels over €210bn Ukraine war funding
European Union leaders are meeting in Brussels today to decide whether to release €210 billion from frozen Russian assets to support Ukraine’s war effort against Russia. The funds are largely held by Euroclear, a Belgium based financial clearing house, where Russian assets have been blocked since Moscow’s full scale invasion in 2022. The money is considered crucial to Ukraine’s ability to continue fighting and keep the state functioning. Without fresh international support, Kyiv is projected to face bankruptcy in early 2026, leaving it unable to pay soldiers, police, civil servants or buy weapons and ammunition. Failure by EU leaders to approve the package would be a heavy blow to the bloc’s credibility. Analysts warn it could weaken the EU’s influence in any future peace talks and allow Vladimir Putin to exploit divisions within Europe.