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Kiev has made a new call on the EU to unblock billions of dollars in frozen Russian assets and use them to finance a loan in support of its fight against Russia.
This comes after Ukraine secured preliminary approval for $8.2 billion from the International Monetary Fund (IMF) to help the country maintain macroeconomic stability and strengthen public finances.
Despite the program, Ukraine's finance ministry says the need for timely and large-scale external financing remains "critical."
Foreign Minister Andriy Sybiha has called on Ukraine's EU partners to approve the unblocking of frozen Russian assets. He says they could be used to finance a 140 billion euro loan.
" It is important for us to get a positive result regarding the reparations loan, so it is the actual use of frozen Russian assets ," he said.
However, earlier today, Putin warned that if the EU seized frozen Russian assets, it would be tantamount to stealing someone else's property. The Russian leader also pledged to develop a package of reciprocal measures if the EU went ahead with the move.
The cost for a day of fighting is estimated to be around $172 million this year compared to $140 million (£105.69 million) a year earlier, according to Ukrainian officials.
The IMF estimates that Ukraine's financial gap will be around £136.6 billion over the next four years.
The EU was close to approving a loan financed by frozen assets at a previous meeting in October, but some members blocked the move for fear of legal repercussions./ SkyNews
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