DEVELOPING: Zelensky Issues Urgent Warning as EU Leaders Scramble to Tackle Russia's Frozen Assets

Breaking News: Zelensky Issues Urgent Warning as EU Leaders Scramble to Tackle Russia's Frozen Assets Ukraine's President Volodymyr Zelensky has issued a stark warning to EU leaders, urging them to reach an agreement by the end of the year on a multi-billion euro loan from frozen Russian assets to fund Ukraine's military and economic needs. The loan is crucial as Ukraine is months away from running out of cash, with Zelensky stating that without an injection by spring, Ukraine will have to reduce production of drones. The Brussels summit, currently underway, comes at a pivotal moment in the war, with Russia filing a lawsuit against Euroclear, the Belgium-based organisation holding most of Russia's 210 billion euro worth of assets in the EU. Polish Prime Minister Donald Tusk has called on EU leaders to "rise to this occasion" and use the frozen assets to support Ukraine. Until now, Belgium and some other member states have opposed using the cash as a "reparations loan", citing concerns over Russia's potential reaction. However, European Commission chief Ursula von der Leyen has vowed that "we will not leave the summit without a solution". The EU leaders are under pressure to reach a decision, with Ukraine's financial situation becoming increasingly dire. The outcome of the summit will have significant implications for the war effort and Ukraine's ability to continue fighting against Russia. This is a developing story, and we will provide updates as more information becomes available.