EU urgently seeks agreement on using frozen Russian assets for Ukraine, as US touts other ideas

BRUSSELS: The European Union has accelerated efforts to agree on a scheme to use frozen Russian assets to help Ukraine after a US-backed peace plan last week set out different ideas, EU officials said. EU leaders tried at a summit last month to agree on a plan to use 140 billion euros ($162 billion) in frozen Russian sovereign assets in Europe as a loan for Kyiv, but failed to secure the backing of Belgium, where much of the funds are held.

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