Bloomberg reported the information.The European Union unveiled a proposal this week for a €90 billion (approximately $105 billion) loan to cover Ukraine's economic and military requirements over the next two years, with frozen Russian assets serving as collateral. About €210 billion in Russian funds are currently immobilized on EU territory, with the possibility of accessing more from 2028 onward.According to European diplomats speaking anonymously, U.S. officials have argued to member states that these assets are crucial for securing a peace agreement between Kyiv and Moscow. The timing is particularly sensitive as Ukraine faces a potential funding crisis early next year, while the Trump administration has largely cut off U.S. aid and is pushing Kyiv toward peace talks that some observers view as potentially unfavorable terms.The issue has become a point of tension between Washington and European capitals, with the U.S. eyeing the Russian assets as part of its own postwar reconstruction plans. However, European leaders have firmly insisted that decisions about the frozen funds remain a European prerogative."There is no possibility of leaving the money we mobilize to the U.S.," German Chancellor Friedrich Merz declared Thursday. "The American government knows this, and this is also the German government's negotiating position. This is also the consensus at the European level. This money must flow to Ukraine — it must help Ukraine."The EU plan faces obstacles beyond U.S. pressure. Belgium, which holds the majority of the frozen assets, has raised concerns about potential liability if Russia successfully claims the funds in the future and fears of Russian retaliation against European companies. The Belgian government has also collected hundreds of millions of euros in tax revenue from the immobilized funds.Merz is scheduled to meet with Belgian Prime Minister Bart De Wever and European Commission President Ursula von der Leyen in Brussels Friday to address Belgian objections ahead of an EU summit later this month. "If we take this path, we will do so to help Ukraine, possibly for the next two to three years," Merz said Thursday evening.Under the EU proposal, the assets would remain frozen, and Ukraine would only be required to repay the loan if Russia agrees to finance reconstruction and provide compensation for war damages. Hungary has also opposed the plan, while Slovakia has indicated it won't support proposals providing military assistance to Ukraine. However, approval requires only a qualified majority of member states, not unanimity.The UK is leading an international effort to unlock about $10 billion in frozen Russian funds held in Britain and up to $125 billion globally to support Ukraine's war effort and reconstruction needs through 2027.