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EU leaders face crunch decision on using frozen Russian assets for Ukraine
EU leaders consider using €210 billion frozen Russian assets to secure a €90 billion loan for Ukraine amid divisions and Belgium's legal concerns.
- On Thursday, EU leaders in Brussels will decide whether to use 210 billion euros of frozen Russian assets to underwrite a 90 billion-euro loan to Ukraine, chaired by European Council President Antonio Costa.
- Amid growing urgency, Ukraine faces a 193 billion shortfall and is set to run out of money in April, according to Zelenskyy’s appeal to EU leaders.
- Euroclear, Brussels-based securities depository, holds most frozen assets—some 193 billion euros as of September—and the European Commission proposes converting them into EU debt instruments with safeguards to protect Belgium.
- Facing legal action and pressure, Belgium insists on ironclad guarantees before backing a loan, with Belgian Prime Minister Bart De Wever saying, `At this stage, the guarantees offered by the Commission remain insufficient.` Russia's Central Bank sued Euroclear last week, increasing pressure.
- Passing the plan would require at least 15 states representing 65% of Europe's population, while Hungary blocks the Commission's unanimous borrowing backup and German Chancellor Friedrich Merz urges a clear signal to Moscow.
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Union Unlocks 90 billion Financial Lifeline for Kiev but fails to mobilise Russian assets frozen
·Spain
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Idaho State Journal+2 Reposted by 2 other sources
EU talks stall on massive loan to Ukraine using frozen Russian assets
BRUSSELS (AP) — European Union leaders stalled early Friday in talks to provide a massive loan to Ukraine using frozen Russian assets, officials said, as Belgium sought ironclad guarantees from its partners that they would protect the country from any…
The main debate is how to use the 210 billion Russian euros while respecting international law
·Buenos Aires, Argentina
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The leaders of the European Union are already only working on the use of Russian assets as a way to finance Ukraine. Or more specifically, the countries are working...
·Madrid, Spain
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Total News Sources325
Leaning Left51Leaning Right38Center85Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 29%
C 49%
R 22%
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