News Summary

• The EU is increasingly convinced that tapping around €200 billion ($232 billion) in frozen Russian central bank assets is the only viable way to put funding for Ukraine on a sustainable footing.
• The EU will aim to reach a political agreement to use the assets at a summit meeting of leaders in Brussels next week.
• The sense of urgency comes as much of the onus for funding Ukraine’s military and economic needs now falls on Europe, with the US saying it will no longer pay for the weapons it may provide to Kyiv.