EU Weighs Using Frozen Russian Assets to Fund Ukraine Loans

The European Union is considering redirecting frozen Russian assets to finance loans for Ukraine, seeking ways to circumvent Hungary's opposition.

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Terms & Concepts
  • Frozen Assets: Financial assets that are legally restricted from being moved or accessed, often used as a sanction measure against individuals, companies, or states.
  • Loan Financing: The practice of providing funds to an entity, such as a country, with the agreement that it will be repaid over time, typically with interest.
  • Veto Power: The authority of a member state or individual to unilaterally block a decision or proposal in an organization.