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Brussels agrees to send €3bn from frozen Russian assets to aid Ukraine

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Brussels agrees to send €3bn from frozen Russian assets to aid Ukraine

Diplomats agreed the controversial plans at a meeting on Wednesday – but some say they don’t go far enough.

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EU diplomats agreed Wednesday to use income from frozen Russian state assets to aid Ukraine – paving the way for the war-torn country to get around €3 bn for arms purchases and reconstruction before the summer.

Since the full-scale invasion of 2022, €210 billion in assets of the Moscow central bank have sat frozen within the bloc – chiefly at the Euroclear depositary in Belgium.

The deal was agreed “in principle” at a regular meeting of national representatives, according to a tweet by Belgium, currently chairing talks in the European Council.

Brussels has long touted using the interest from those funds, estimated at around €3bn per year, for Ukraine’s reconstruction costs – and later extended its plans to cover Kyiv’s military expenditure.

The plan – which also has backing from the group of seven leading industrialised democracies – comes as Ukraine hopes to turn the tide in an increasingly desperate military campaign, bolstered by €89bn recently agreed by the US Congress.

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But Ukrainian ministers have said Brussels needs to go further than merely scooping up interest payments – and fully confiscate Moscow’s assets to ensure the aggressor pays for the cost of war.

Officials from EU countries and the European Central Bank have expressed concerns that seizing assets outright might set an unhelpful precedent or harm the euro’s reputation as a safe currency.

Talks were also held up by concerns over how many of the assets would be retained by Euroclear as an administration fee, a figure that was originally as high as 13%, as well as Belgium’s right to tax the profits gained by the Brussels-based securities depository.

Belgian Prime Minister Alexander De Croo has already promised to send some €1.5bn directly to Ukraine, though that appears to be a result of applying existing corporate tax law to the unexpected windfall Euroclear gains by having frozen central bank assets on its books. 

The final deal allows Euroclear to keep a provisional buffer worth 10% of the profits, in case of litigation over the funds. It can also keep 0.3% as an incentive, while 90% of the funds will be sent via the European Peace Facility to help Ukraine buy weapons. 

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Commission President Ursula von der Leyen previously suggested Ukraine could receive the first funds under the mechanism by July – but the calculation will be backdated to February, when Euroclear formally segregated the assets.

Ambassadors today also formally agreed on the reforms Ukraine will have to make to receive funds from a separate €50bn facility of EU grants and loans.

UPDATE (8 May, 17:00 CET): adds clarification regarding litigation buffer.

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Video: Nowhere Feels Safe As Israel Strikes Heart of Beirut

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Video: Nowhere Feels Safe As Israel Strikes Heart of Beirut

new video loaded: Nowhere Feels Safe As Israel Strikes Heart of Beirut

When a residential building in downtown Beirut was destroyed by an Israeli airstrike, Samira Osseili fled with her family in the middle of the night. She’s now living in fear with 12 other relatives in her small apartment, knowing that another strike could come at any moment.

By Simona Foltyn, Adrian Hartrick, Michael Anthony Adams and Caroline Kim

March 26, 2026

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US troops brace for ‘hit-and-run’ guerilla attacks as 82nd Airborne deploys to Iran, military analyst warns

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US troops brace for ‘hit-and-run’ guerilla attacks as 82nd Airborne deploys to Iran, military analyst warns

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Iran could significantly increase U.S. casualties if its elite military and proxy forces shift to guerrilla-style hit-and-run attacks in the region, a leading military analyst has warned.

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Michael Eisenstadt of the Washington Institute for Near East Policy spoke as the Pentagon moved elements of the Army’s 82nd Airborne Division into the Middle East amid a new escalation in the conflict, according to reports.

“Iran has large infantry units in its military that are equivalent to the brigade combat team of the 82nd Airborne,” Eisenstadt, a former U.S. Army Reserve officer, told Fox News Digital.

“The 82nd Force is too small to cause significant harm to Iran, but it is large enough to be vulnerable to Iranian strikes, and this would enable Iran to significantly increase U.S. casualties,” he said.

HEGSETH WARNS ‘MORE CASUALTIES’ EXPECTED IN OPERATION EPIC FURY AGAINST IRAN

The 82nd Airborne Division deployment to the Middle East is intended to pressure Iran into accepting U.S. ceasefire terms, military analyst Michael Eisenstadt says. (Sarah Blake Morgan/AP Photo)

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Eisenstadt, who has worked as a U.S. government military analyst, claimed that, even if major conventional operations begin to wind down in the Middle East region, the danger may only evolve rather than disappear.

“We could see an end to major combat operations, with activity shifting to guerrilla-style hit-and-run attacks in the Gulf and other gray-zone activities by Iran,” he said.

“Think of the aftermath of the 1991 Gulf War with Iraq, in which we had to contain the Iraqis for a decade after a very successful war.”

US COULD TAKE IRAN’S MAIN OIL EXPORT HUB ‘AT A TIME OF OUR CHOOSING,’ JACK KEANE SAYS

Naval units from Iran and Russia simulate the rescue of a hijacked vessel during joint drills, Feb. 19, at the Port of Bandar Abbas in Hormozgan, Iran. (Iranian Army/Handout/Anadolu via Getty Images)

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Fox News chief national security correspondent Jennifer Griffin reported Wednesday that the U.S. has ordered the deployment of an additional 82nd Airborne forces to the region.

The contingent is expected to include Maj. Gen. Brandon R. Tegtmeier, the division commander, elements of his headquarters staff, and infantry battalions from the division’s Immediate Response Force. 

Officials also indicated that the total number of troops ultimately sent could still change.

Eisenstadt said this new deployment is intended to increase pressure on Tehran as the U.S. pushes for new ceasefire terms, set in place by President Donald Trump.

WINNING THE BATTLES, LOSING THE WAR? AMERICA MUST DEFINE THE ENDGAME IN IRAN

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President Donald Trump speaks with the media before boarding Air Force One, Monday, at Palm Beach International Airport in West Palm Beach, Fla. (Mark Schiefelbein/AP Photo)

“This deployment is intended to create leverage over Iran and pressure it to accept U.S. terms for a ceasefire agreement. It would also create military options if Iran rejects those terms,” he said.

In that scenario, he said, the 82nd could potentially operate alongside Marine expeditionary units in operations to seize and hold terrain, including Kharg Island, located roughly 20 miles off Iran’s Gulf coast.

U.S. forces struck military targets there March 13, destroying more than 90 Iranian military sites while deliberately sparing key oil infrastructure, according to multiple reports.

IRAN’S REMAINING WEAPONS: HOW TEHRAN CAN STILL DISRUPT THE STRAIT OF HORMUZ

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Satellite view of Kharg Island, located in the Persian Gulf off the coast of Iran.  (Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2024)

“The brigade combat team of the 82nd could work with the 11th and 31st MEUs, or independently, to seize and hold terrain — such as Kharg Island,” Eisenstadt said.

“This would provide leverage over Iran by denying it the ability to export oil and helping end the war on terms favorable to the U.S.”

“There are risks involved though, because Iranian units on the mainland could bombard Kharg Island and inflict casualties on U.S. troops there also,” Eisenstadt said.

JACK KEANE WARNS CEASEFIRE WITH IRAN WOULD ‘PLAY RIGHT INTO THEIR HANDS’ AS TRUMP SIGNALS DEAL PROGRESS

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President Donald Trump warned on Saturday that the U.S. could strike Iranian power plants if the Strait of Hormuz is not reopened. (Aaron Schwartz/UPI/Bloomberg via Getty Images; Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025 via Getty Images)

The latest military buildup comes as the conflict that began with Operation Epic Fury on Feb. 28, has also centered on the Strait of Hormuz, with Iran restricting access.

“The 82nd deployment is intended to increase psychological pressure on Iran and support efforts to reopen the Strait of Hormuz so it can once again be used by all countries,” Eisenstadt explained.

The 82nd Airborne is one of the U.S. military’s premier rapid-response units, trained to parachute into hostile or contested territory to secure key ground and airfields.

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Portions of the division have also spent recent days at the Joint Readiness Training Center, sharpening infiltration, surveillance, combat and resupply skills, Axios reported.

“Iranian military officials have welcomed news of the dispatch of these units to the Gulf because it potentially creates options for them to impose costs on the U.S.,” Eisenstadt said.

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Escalation in the Middle East – Not Europe’s war? MEPs in the Ring

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Escalation in the Middle East – Not Europe’s war? MEPs in the Ring

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Imagine a former five-star army general in the same room as an anti-war activist? That is what we witness on this latest edition of The Ring, Euronews’ weekly debate show.

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Riho Terras, an Estonian general and centre-right MEP, went face-to-face with far-left Turkish-born German MEP Özlem Demirel on the role of the EU in the ongoing war in the Middle East.

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As the conflict enters its fourth week, EU leaders have called for “de-escalation, the protection of civilians, and restraint,” while avoiding direct involvement. But the question of whether Brussels should take a stronger stance has exposed deep divisions.

“We know from history that military means and wars never brought democracy to this region,” Demirel said, adding starkly: “Bombs fall, the stock markets rise, people die.”

Riho Terras disagreed and took a more security-focused line, defending the need for military strength in global politics. “Nobody listens to somebody who does not have military means,” he argued, stressing that diplomacy alone is insufficient without power behind it.

This episode of The Ring is anchored by Méabh Mc Mahon, produced by Luis Albertos and Amaia Echevarria, and edited by Vassilis Glynos.

Watch The Ring on Euronews TV or in the player above and send us your views by writing to thering@euronews.com

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