The EC president’s initiative to use the frozen funds to back a loan for Kiev has raised legal concerns European Commission President Ursula von der Leyen’s scheme to use frozen Russian assets to back a loan for Ukraine is “crazy” due to the inevitable financial and legal risks, unnamed senior EU officials told the Financial Times. After the escalation of the Ukraine conflict in 2022, EU countries froze around €210 billion ($245 billion) in Russian central bank assets, including €185 billion at