Hopes rise of a breakthrough in using £78bn of frozen Russian assets to bankroll Kyiv
European leaders rallied behind Volodymyr Zelenskyy on Monday night amid hopes they could finally achieve a breakthrough to allow Ukraine access to billions of pounds of frozen Russian assets.
Despite vociferous support for the Ukrainian president, who has come under heavy pressure from Donald Trump to cede territory in order to bring the war to a speedy end, there was still no agreement on the thorny question of turning immobilised assets into a loan for Kyiv.
But Downing Street said “positive progress” was made on the issue during crisis talks hosted in Downing Street with Zelenskyy, France’s Emmanuel Macron and Germany’s Friedrich Merz.
They were joined on a call by the leaders of seven other European countries, a senior representative from Turkey, and Nato and EU chiefs. During the meeting, leaders “underscored the need for a just and lasting peace in Ukraine” including “robust security guarantees” against further Russian aggression, Downing Street said.
