EU Approves Extending Freeze on Russian Assets to Help Ukraine War Efforts

The European Union approved extending an EU freeze on Russian assets using emergency powers, a key step toward tapping the funds to help Ukraine.

EU governments gave their blessing Friday to a European Commission proposal designed to head off any veto of an extension, which has been a sticking point in EU attempts to secure a €90 billion ($105 billion) loan for Ukraine using immobilized Russian central bank assets.