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Why the EU faces ‘money today or blood tomorrow’ over frozen Russian funds

Zelensky says Russia is preparing for 'year of war'
  • Polish Prime Minister Donald Tusk warned EU leaders they face a choice between "money today or blood tomorrow" regarding the use of frozen Russian assets.
  • EU leaders are meeting to vote on a European Commission proposal to use £185bn of frozen Russian assets to secure a reparations loan for Ukraine.
  • Belgium, where most of the assets are stored, has expressed concerns about the plan's legality, while Russia has labelled the scheme as "theft."
  • Tusk stressed that the decision is critical not just for Ukraine but for the whole of Europe.
  • Ukrainian President Volodymyr Zelensky is expected to attend the summit, urging European leaders to show a united front and secure support to make Russia's continued war efforts "pointless."
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