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The European Commission will now fine tune a Roadmap for defence set to be released in two weeks, before leaders convene for another summit to make decisions.

The EU is working on a new plan to provide a "Reparations Loan" to Ukraine based on Russia's frozen assets. But key questions remain unanswered.

The EU is reportedly considering using a wartime, signed by the king, to block the potential transfer of €190 billion worth of Russian assets.

10% of the windfall profits will fund non-lethal aid to assuage EU member states that do not wish to fund arms

Officials could put forward proposal before meeting of prime ministers in Brussels next week

The EU has reached an agreement on a first step towards tapping profits from frozen Russian assets to help pay for rebuilding war-ravaged Ukraine, officials said.

Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions.