Europe Is Racing the Clock to Tap Russia’s Frozen Assets |
Understanding the conflict three years on.
Among all the moving parts of the peace plan being hammered out by Ukraine, Europe, and the United States, nearly the most important is the one that is not yet moving.
Negotiators in Berlin appear to have agreed on many of the contentious points on a cease-fire and peace plan, including post-war security guarantees, and U.S. envoys will reportedly present the plan to the Kremlin later this week.
Among all the moving parts of the peace plan being hammered out by Ukraine, Europe, and the United States, nearly the most important is the one that is not yet moving.
Negotiators in Berlin appear to have agreed on many of the contentious points on a cease-fire and peace plan, including post-war security guarantees, and U.S. envoys will reportedly present the plan to the Kremlin later this week.
But all eyes will be on a big European Union meeting on Thursday to see if the bloc can finally break a logjam and find a way to tap hundreds of billions of dollars in frozen Russian Central Bank reserves to keep Kyiv afloat before the country runs out of money early next year.
Working out large-scale financial support for Ukraine is at least as important as finalizing questions over the size of the country’s post-war army, the........