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The European Union is facing a deepening financial showdown after its plan to use frozen Russian assets as collateral for a €140-billion Ukraine loan collapsed. Belgium rejected the proposal, Euroclear threatened legal action, and Brussels warned states they may need to pay up to €90 billion directly or take on joint debt. With Kyiv’s future needs projected to exceed €130 billion in 2026–27, member states are increasingly split. Moscow has condemned any asset seizure as theft, escalating tensions around Europe’s financing strategy. #EU #UkraineWar #RussianAssets #Brussels #Euroclear #Geopolitics #WarFunding #EuropeCrisis Times Of India (TOI) Is The Largest Selling English Daily In The World. Times Of India Videos Bring You Global News, Views And Sharp Analysis. We Track India's Global Rise, Her Increasing Engagement With The World, The Changing Geopolitical Landscape Amid Conflicts And Wars And The Emerging World Order. INTERNATIONAL NEWS | GLOBAL CONFLICTS | MIDDLE EAST WAR | CHANGING WORLD ORDER #TOILive | #TOIVideos Subscribe to the Times Of India YT channel and press the bell icon to get notified when we go live. Join Millions Reading TOI; Download Our App At http://toi.in/app-yt Visit our website https://www.timesofindia.com/ Follow us on X/ @timesofindia Facebook: / timesofindia Instagram: / timesofindia Follow the TOI WhatsApp channel: https://bit.ly/3RYl0J9 For daily news & updates and exclusive stories, follow the Times of India