"Talks on Ukrainian support for Russian assets in the US have failed."

EU Leaders Unable to Agree on Using Russian Assets for Ukraine's Financing

The leaders of the European Union (EU) member countries could not reach an agreement on the plan to use frozen Russian assets for Ukraine.

Important Statements at the Press Conference

EU Commission President Ursula von der Leyen and EU Council President Antonio Costa held a press conference after the EU Leaders' Summit held in Brussels. Von der Leyen stated, "We had a productive discussion regarding the compensation loan to be financed by Russia's frozen assets. However, we need to clarify some points."

Commitment to Addressing Ukraine's Needs

Von der Leyen reiterated the commitment to address Ukraine's security and defense needs with respect to international law. She noted that the issue is complex and requires in-depth examination.

Next Steps for the Plan

Costa stated, "We need to work on the technical, legal, and financial aspects of Europe's support for Ukraine. We will revisit this issue at the EU summit in December." Additionally, EU leaders pledged to cover Ukraine's financial needs of approximately 140 billion euros over the next two years.

EU's Efforts Regarding Russian Assets

Belgian Prime Minister Bart De Wever expressed that the risks should be shared to use the frozen Russian assets in his country as collateral for a loan to Ukraine within the scope of sanctions.

Note: Since the beginning of the war, EU countries have immobilized approximately 200 billion dollars worth of Russian assets.