US EditionRussian Assets: Why the European Council Was Not a Failure
5 Articles
5 Articles
When, less than a year ago, Bart De Wever finished his first summit as Prime Minister of Belgium, he joked that his new colleagues, the rest of the EU leaders, had asked him who he was. Now, this 54-year-old Flemish ultra-nationalist politician is no longer a stranger on the European scene. An important gap has been made after clinging to his stubbornness and refusing to give the green light to financing Ukraine through the Russian sovereign res…
In the absence of an agreement, the 27 finally opted for the solution of financing Kiev via a European loan of €90 billion.
Russian assets: why the European Council was not a failure
Despite efforts to use approximately €200 billion in frozen Russian assets as collateral for loans, Merz and von der Leyen's proposal failed. Here's how and why. Liturri's analysis With just hours to go before the end of a European Council that, despite all the spin, revealed the EU's poor decision-making, we must search with a lantern for some voice proclaiming that failure, and the headline from two authoritative Bloomberg commentators leaves …
Although the EU agreed to provide Ukraine with an interest-free loan of €90 billion, after 16 hours of marathon talks that ended on Friday morning, it masks a major, substantive split in European unity. The plan to use frozen Russian assets to repay the loan, long the only proposal on the table, is collapsing. Flemish nationalist Bart De Wever, who built his political career on the desire to break up his country, held out for more than two month…
The head of the Russian Investment Fund, Kirill Dmitriev, says this is a "great blow to the European Union's bélicists" and requests Ursula Von der Leyen and German Chancellor Friedrich Merz
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