US EditionEU proposes emergency powers to raise €210bn from frozen Russian assets for Ukraine
5 Articles
5 Articles
She stressed that Moscow, as an aggressor in the conflict in Ukraine, cannot be rewarded with territories in negotiations for an armament, because this would send a wrong signal to the international community. Kallas insisted that there is no "two equal parties" in the war, but only Russia as an invasive and Ukraine as a victim. The European official confirmed that the EU is forwarding discussions on the use of Russian assets frozen to agree wit…
Former Minister: "Putin believes he's winning. If we can get China and Saudi Arabia on our side, we'll have easier lives."
EU proposes emergency powers to raise €210bn from frozen Russian assets for Ukraine
The European Commission will invoke “emergency powers” to raise up to €210bn for Ukraine using frozen Russian state assets, in a move that could bypass the need for unanimous approval by member states and sidestep potential vetoes.
President Pellegrini praised Prime Minister Meloni's leadership during a meeting. They discussed Ukraine, frozen assets, the Green Deal, and emission quotas.
According to the proposed model of reparative credit, the European Commission should borrow, without interest, the cash balances of the financial institutions in which the assets of the Bank of Russia have been lost and issue Ukraine a loan, which Ukraine would therefore be obliged to repay only if the Russian Federation had paid compensation for the damage suffered; there are risks, but there are also mechanisms to reduce them; Elena Galushka, …
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