Parts of the European Union may backpedal on a plan to utilize profits from Russia’s frozen assets to purchase arms for Ukraine, according to Politico. The proposal emerged ahead of a meeting of the EU’s 27 envoys on Wednesday, May 8, where Belgium, presiding over the Council, hopes to strike a deal on unlocking funding for Ukraine. According to six EU diplomats, countries opposed to military aid to Kyiv may settle for providing humanitarian assistance instead. The outlet notes this as a final attempt to sway non-NATO EU countries, such as Austria, Malta, Cyprus, and Ireland, to their side. Ot…