BRUSSELS, Belgium: EU leaders on Thursday took a cautious first step toward using Russian frozen assets to provide a mammoth new loan for Ukraine — though marathon talks in Brussels failed to produce a clear green light. The so-called “reparation loan” is seen as crucial to helping keep Kyiv in the fight against Moscow and making the Kremlin pay — but it is fraught with legal and political perils. To get around them, the European Commission has floated a complex scheme it says could hand 140 billion euros ($162 billion) to Kyiv over the next few years.

Russian Foreign Ministry lambasts confiscation of frozen assets as 'theft', vowing a "painful response".

EU ministers meet hours after the EU and the US announced new sanctions against Russia's oil industry.

BRUSSELS: Ukrainian President Volodymyr Zelensky expressed hope Thursday that the European Union would move forward with plans to help Ukraine with a mammoth new “reparations…

EU leaders had hoped to agree on a plan to fund a loan of 140 billion euros to bolster Ukraine.

BRUSSELS, Belgium: EU leaders on Thursday took a cautious first step toward using Russian frozen assets to provide a mammoth new loan for Ukraine — though marathon talks in…