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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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321 Articles
Union Unlocks 90 billion Financial Lifeline for Kiev but fails to mobilise Russian assets frozen
·Spain
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Oskaloosa HeraldReposted by 
Santa Maria Times
Santa Maria TimesEU talks stall on massive loan to Ukraine using frozen Russian assets
European Union leaders have stalled in talks about providing a massive loan to Ukraine using frozen Russian assets. Belgium seeks guarantees to protect itself from Russian retaliation. The plan involves using Russian assets for a "reparation loan" to support Ukraine's…
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 Sources321
Leaning Left51Leaning Right38Center82Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 30%
C 48%
R 22%
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