The EU has offered to use part of a proposed €140bn loan backed by Russia’s frozen assets to buy US weapons for Ukraine, provided Washington keeps supporting Kyiv in defending itself against Russia.
The proposal, made to EU ambassadors on Friday, comes as European allies were blindsided by US President Donald Trump agreeing to meet his Russian counterpart in Hungary in a bid to end the war in Ukraine.
After his call with Russian President Vladimir Putin, Trump floated the prospect of resumed trade between the US and Russia if the war ended and suggested he was no longer planning to sell long-range Tomahawk missiles to Kyiv.
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