EU governments have been looking to use immobilized Russian assets to fund financial support for Ukraine, which, despite concerns by critics, is unlikely to have major reputational or financial consequences for the eurozone and euro financial assets. But should intra-EU agreement on how to do so remain elusive, European governments will have the option of providing financial support on a bilateral basis. During a summit on Dec. 18-19, the governments of the European Union will discuss ways to continue providing funding to Ukraine, which remains highly dependent on foreign financial support to continue the war against Russia. With much-reduced support from U.S. President Donald Trump's administration, European governments are faced with great pressure to provide funding. Increasing domestic spending pressures as well as large fiscal deficits and high debt ratios have led them to look for ways to lend support without incurring further liabilities. EU governments are quite capable of...
