EU leaders face crunch decision on loaning Russia's frozen cash to Ukraine

EU leaders are facing a crucial decision on whether to loan frozen Russian assets to Ukraine to support its military and economic needs. Most of Russia's assets in the EU are held by Belgium-based Euroclear, and there are concerns from Belgium and other EU members about using this money. The European Commission has proposed lending Ukraine about €90bn, out of the €210bn of Russian assets in Europe, to help with its financial needs. The decision on this matter will require a majority vote from member states at the EU summit, with Belgium and Hungary being key players in the debate.