This is the best summary I could come up with:

EU leaders are to meet in Brussels to discuss ways to radically increase military and financial support for Ukraine amid calls for member states to put their economies “on a war footing”.

On Thursday prime ministers are also expected to examine contentious plans to confiscate billions of euros in interest from frozen Russian assets and send the vast majority of the money to Ukraine.

Ukraine’s neighbours, such as Estonia, favour the use of defence bonds, while frugal states, including the Netherlands and Finland, are opposed to the idea of common EU debt which would leave taxpayers on the hook for decades to come.

The other big – if controversial – idea on the table is the confiscation of billions of euros in interest on Russian assets, a move that proponents say could raise €27bn in profit generated over the next four years for Ukraine.

Chief among leaders’ concerns is the prospect of international courts ordering all the money to be returned to Russia, wrecking Europe’s reputation as a safe haven for investors in the process.

“It is a deeply complex proposal, because it is absolutely unique and the first time ever that this has been done, with all sorts of implications in terms of legal ramification, potentially systemic, in financial, economic risks,” said one diplomat.

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