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Putin warns EU leaders of ‘grave consequences’ if frozen assets given to Ukraine

Putin warns EU leaders of 'grave consequences' if Russia robbed of frozen assets
  • President Vladimir Putin criticised attempts to use frozen Russian assets, labelling it "daylight robbery" and warning of severe repercussions.
  • The European Union agreed to provide Ukraine with a €90bn interest-free loan after 15 hours of negotiations in Brussels.
  • The loan will be financed through joint borrowing by 24 of the 27 EU member states, with Czechia, Hungary, and Slovakia opting out.
  • A proposal to directly fund the loan using the £185bn worth of frozen Russian assets was abandoned due to objections, particularly from Belgium and Hungary.
  • The agreed loan is intended to meet Ukraine's military and economic needs for the next two years.
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