EU reserves right to use Russian assets for Ukraine loan

The European Union has formally adopted its 20th sanctions package against Russia and approved a €90 billion loan for Ukraine. The Council of the EU stated it 'reserves the right' to use frozen Russian assets to secure the loan for Kyiv. This move finalizes the legal framework for the massive financial support package, which the EU expects Ukraine to repay using future reparations collected from Russia. The statement underscores the bloc's intent to leverage Russian state assets to fund Ukraine's defense and reconstruction.