According to the Financial Times, Sweden, the Netherlands, Spain and Poland are urging the European Commission to reopen work on using frozen Russian sovereign assets held in the EU—estimated at more than €200bn—to finance Ukraine amid concern Kyiv may face a renewed funding crisis. An earlier EU plan collapsed last winter after Belgium, which holds the bulk of those assets, blocked the proposal. The group will send a letter to the Commission expected on Thursday seeking renewed study and an upd

According to the Financial Times, Sweden, the Netherlands, Spain and Poland are urging the European Commission to reopen work on using frozen Russian sovereign assets held in the EU—estimated at more than €200bn—to finance Ukraine amid concern Kyiv may face a renewed funding crisis. An earlier EU plan collapsed last winter after Belgium, which holds the bulk of those assets, blocked the proposal. The group will send a letter to the Commission expected on Thursday seeking renewed study and an update on alternative legal and technical frameworks that could bypass Belgium’s veto.