{"id":169218,"date":"2025-10-24T08:40:54","date_gmt":"2025-10-24T08:40:54","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/ukraine-russia-war-latest-deal-collapses-to-hand-kyiv-e140bn-in-frozen-russian-assets-the-independent\/"},"modified":"2025-10-24T08:40:54","modified_gmt":"2025-10-24T08:40:54","slug":"ukraine-russia-war-latest-deal-collapses-to-hand-kyiv-e140bn-in-frozen-russian-assets-the-independent","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/ukraine-russia-war-latest-deal-collapses-to-hand-kyiv-e140bn-in-frozen-russian-assets-the-independent\/","title":{"rendered":"Ukraine-Russia war latest: Deal collapses to hand Kyiv \u20ac140bn in frozen Russian assets – The Independent"},"content":{"rendered":"

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Decision on whether to support Ukraine with a huge loan is pushed to December
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The EU<\/a> has failed to agree a deal to back Ukraine<\/a> with the help of frozen Russian assets valued at \u20ac140bn ($163.2bn).
The proposed loan would have met Ukraine<\/a>‘s “pressing financial needs” and propped up its war-ravaged economy for the next two years, but could not be agreed due to legal concerns raised by Belgium<\/a>.
\u201cRussia<\/a>‘s assets should remain immobilised until Russia<\/a> ceases its war of aggression against Ukraine<\/a> and compensates it for the damage caused by its war,” a declaration by the leaders said. The matter of the loan has been pushed to the next EU summit in December.
Belgian PM Bart De Wever has said he could only support the plan if he had strong assurances that it was legal and that other EU countries would share the risks involved.
Belgian financial institution, Euroclear, holds the assets that would be used to fund the loan.
Meanwhile, Vladimir Putin<\/a> has warned that Moscow will not bow to US pressure after the Trump administration imposed sanctions on Russia<\/a>\u2019s two largest oil companies.
The sanctions on Rosneft and Lukoil are an “unfriendly” act which “will have certain consequences\u201d, Putin said, adding that Russia\u2019s energy sector feels confident.
Donald Trump has proven more sympathetic to Putin (and Russia) than his predecessors since taking office.
The US president has urged Ukraine to check its expectations for peace, while opening lines of communication to Moscow.
But the war he thought would be easy to end has been anything but. Nine months on, Russia\u2019s demands remain unchanged.
Trump\u2019s patience is now wearing thin. This week, the US hit Russia with sanctions on its lucrative oil industry in an effort to bring it to the negotiating table.
Putin is unmoved. The Russian leader warned that sanctions would only hurt ties between Washington and Moscow, and said that they would have little impact on the Russian economy.
Trump shot back in kind: \u201cI’m glad he feels that way. That’s good. I’ll let you know about it in six months. Let’s see how it all works out.\u201d
Vladimir Putin said that those advising Donald Trump to sanction Russian oil were working against the interests of the United States.
“If our oil and petroleum products volumes slump on the world market, it will lead to a spike in the price of oil and petroleum products, including at the gas stations, and the United States is no exception,\u201d the Russian leader told reporters.
\u201cThose who suggest such decisions to the current administration need to understand who they are working for,\u201d he added.
The United States announced this week that it was sanctioning two of Russia\u2019s largest oil producers, Rosneft and Lukoil, in an effort to bring Putin to the negotiating table over Ukraine.
The prime minister<\/a> will host leaders including Volodymyr Zelensky<\/a> in London<\/a> for talks on how to increase pressure on Moscow<\/a> and boost Ukraine<\/a>\u2019s defences.
Sir Keir will urge leaders to step up the provision of long-range weapons after a successful attack on a chemical plant in Bryansk, Russia, using British-supplied Storm Shadow missiles<\/a>:
Moscow mayor Sergei Sobyanin said on Friday that air defence systems had downed three drones en route to Russia’s capital.
Five people, including one child, were injured as a result of a drone attack on the Moscow region, governor Andrei Vorobyov said earlier.
Hungary is working on finding a way to “circumvent” US sanctions on Russian oil companies, prime minister Viktor Orban said in an interview with state radio Kossuth this morning.
Orban also said that he has talked to Hungary’s oil and gas company MOL on the topic.
US president Donald Trump imposed sanctions on Russia for the first time in his second term, targeting Lukoil and Rosneft.
Orban, who has opposed the EU’s policy of providing military aid to Kyiv, has long cast Ukraine as a threat to Hungarians, saying its potential EU membership would destroy agriculture and put Hungarian jobs and even pensions at risk.
He reiterated his stance yesterday, saying Ukraine must not be allowed to join the bloc.
Vladimir Putin has derided the new US sanctions on two of Russia’s biggest oil companies as an “unfriendly” act, saying they would not significantly affect the Russian economy and talked up Russia’s importance to the global market.
He warned a sharp supply drop would push up prices and be uncomfortable for countries like the United States.
\u201cThis is, of course, an attempt to put pressure on Russia,” Putin said.
\u201cBut no self-respecting country and no self-respecting people ever decides anything under pressure.\u201d
Asked about Putin’s claim that the new sanctions would not have a significant impact, Trump told reporters yesterday: \u201cI’m glad he feels that way. That’s good. I’ll let you know about it in six months from now.\u201d
With Ukraine asking US and European allies for long-range missiles to help turn the tide in the war, Putin also warned that Moscow’s response to strikes deep into Russia would be “very serious, if not overwhelming”.
\u201cEvery time I speak with Vladimir, I have good conversations, and then they don\u2019t go anywhere,\u201d said Donald Trump<\/a>, after his latest peace initiative<\/a>, this time in Ukraine<\/a>, once again ran into the mud of Russian obfuscation<\/a>.
In spite of the warmth shown at the Alaska summit in August, and a history of credulity when it comes to Moscow\u2019s version of events, it sounds like Donald Trump may have finally lost patience with Vladimir Putin<\/a>.
True, he has expressed concern aloud in the past that President Putin is stringing him along, before being mollified by another long telephone conversation with the Kremlin. This time, Putin might have pushed his luck too far.
For a change \u2013 and it is potentially a momentous one \u2013 instead of indulging Putin, Mr Trump has taken decisive action directly against Russian interests<\/a>, imposing sanctions on Russia<\/a>\u2019s largest natural resources giants, Rosneft and Lukoil. This is unalloyed good news for Ukraine and for Europe. It might even prove decisive for the resolution of the war<\/a>.
At least five people, including one child, were injured as a result of a drone attack on the Moscow region, governor Andrei Vorobyov said this morning.
A drone flew into an apartment in the town of Krasnogorsk, about 20km (12.5 miles) from the centre of Moscow. Four people were hospitalised, Vorobyov added.
Russian air defence units intercepted and destroyed 111 Ukrainian drones over Russian regions overnight, including one over the Moscow region, the defence ministry said.
The UK government has said it is gathering Ukraine\u2019s allies for talks in Whitehall today to ramp up pressure on Vladimir Putin, as the war in Ukraine heads into its fourth winter.
\u201cUkrainian president Volodymyr Zelensky, prime minister Mette Frederiksen, prime minister Dick Schoof, as well as the Nato secretary general, Mark Rutte, are all expected to attend the meeting in person at the Foreign, Commonwealth and Development Office today,\u201d a statement from the FCDO said.
A further 20 leaders are expected to dial into the call, it added.
\u201cDuring the call, the prime minister is expected to call on leaders to put Ukraine in the strongest possible position going into the winter. He will urge leaders to act to take Russian oil and gas off the global market, finish the job on Russian sovereign assets to unlock billions of pounds to fund Ukraine\u2019s defences, and step up the gifting of long-range capabilities to ensure Ukraine can build on its success of this week,\u201d the government said.
\u201cThese leaders will also discuss how more can be done to protect energy infrastructure, as Russia continues to systematically destroy critical national infrastructure, plunging millions of innocent Ukrainians into the cold and dark,\u201d the statement added.
Sir Keir Starmer will also announce that a UK missile building programme has been accelerated to deliver more than 100 extra air defence missiles ahead of schedule to bolster Ukraine\u2019s defences through the depths of winter.
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