US EditionEU 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.
346 Articles
346 Articles
Union Unlocks 90 billion Financial Lifeline for Kiev but fails to mobilise Russian assets frozen
Idaho State Journal
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…
Blood or money. Donald Tusk thinks about painting with brutal realism the crossroads that stands in front of the EU. The simple choice: either money today, or blood tomorrow - puts to...
Interview with the guru of the London School of Economics where he teaches international economics and has for a long time directed the department of Europe. "More than Orbán, I am shocked by the sudden and unmotivated resistance of Italy"
Coverage Details
Bias Distribution
- 52% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
