EU freezes Russian assets
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DONALD Trump has dispatched his top diplomats to meet Volodymyr Zelensky and other European leaders for a peace summit to end the war in Ukraine. US special envoy Steve Witkoff and Jared
Belgium blocks EU plan to seize Russian assets for Ukraine aid, citing serious fears of Putin retaliation and potential war escalation against Europe.
Cyprus joined the EU in 2004 as a war-divided island and could offer Ukraine a blueprint for accession. The island will take over the EU’s rotating presidency from Denmark on Jan. 1 and has promised to continue work on Ukraine’s bid.
Shared capabilities and funding for Ukraine will be top of the agenda for next week’s European Council summit.
The European Union’s top diplomat expressed concern that US attempts to push Ukraine into a lopsided peace plan would only encourage Russia’s warmongering as Kyiv’s allies brace themselves for a week of talks to end Moscow’s invasion.
The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia's war in Ukraine,