The European Commission has proposed that the leaders use some of the frozen assets — totaling 210 billion euros ($246 billion) — to underwrite a 90 billion-euro ($105 billion) “reparations loan” to Ukraine. The U.K., Canada and Norway would fill the gap.

Europe launched an International Claims Commission in an effort to ensure Kyiv is compensated for hundreds of billions of dollars in damage from Russian attacks and alleged war crimes.

Often left out by the United States in peace negotiations, European countries are working to assert their leadership and bolster Ukraine with an ambitious funding plan. But can they agree?

Germany is undergoing a significant military rearmament. The change has been driven by the ongoing war in Ukraine and U.S. pressure on Europe to shoulder more of its defense.

European leaders said they had agreed on Monday any decisions on potential Ukrainian territorial concessions to Russia could only be made once robust security guarantees were in place which should include a European-led multinational force.

The president said he had exchanged “pretty strong words” with European leaders, while Russia signaled it saw itself as increasingly on the same page as the U.S.

Cyprus joined the EU in 2004 as a war-divided island and could offer Ukraine a blueprint for accession. The island will take over the EU’s rotating presidency from Denmark on Jan. 1 and has promised to continue work on Ukraine’s bid.

DONALD Trump has dispatched his top diplomats to meet Volodymyr Zelensky and other European leaders for a peace summit to end the war in Ukraine. US special envoy Steve Witkoff and Jared