The EU Moves to Tap Frozen Russian Assets for Ukraine’s War Loan

EU leaders will task the European Commission on October 23 with drawing up a legal proposal to leverage 176 billion euros ($204 billion) of frozen Russian state assets for a loan to Ukraine -- a move that could cover most of Kyiv’s financial needs for the next three years. European diplomats who spoke with RFE/RL believe there is a chance the whole scheme can be agreed upon by the end of this year and that it would help fill the shortfall expected if the United States is no longer willing to finance Kyiv to the same extent as before. The…