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No Breakthrough in Moscow Talks as EU Pushes Gas Exit and Debates Frozen Assets

With negotiations stuck, Europe pursues frozen‑asset financing plus a Russian gas phase‑out to sustain Ukraine.

Overview

  • After a five‑hour Kremlin meeting, Russian officials said no compromise was reached on core territorial issues but signaled readiness to continue confidential talks.
  • Vladimir Putin warned Europe that Russia is “ready immediately” if Europe chooses to fight, while claiming some U.S. ideas remain discussable.
  • Ukrainian and U.S. representatives are expected to meet in Florida today, with Steve Witkoff and Jared Kushner set to confer with Rustem Umerow and General Andriy Hnatov, according to AP.
  • The European Commission outlined a plan to mobilize roughly €140 billion in frozen Russian central‑bank assets via a reparations‑style loan, but Belgium’s concerns over Euroclear liability continue to block action.
  • NATO and EU ministers pledged additional support through the PURL mechanism—about $1 billion including $200 million from Germany—and backed a phased EU cutoff of Russian LNG by end‑2026 and pipeline gas by end‑2027.