Europe Funnels Billions to Ukraine but Wobbles Geopolitically

Source Link Europe Funnels Billions to Ukraine but Wobbles Geopolitically








What are the legal implications, and why does Belgium fear being left alone with the bill?
The European Commission has proposed providing Ukraine with €90bn (£80bn) in funding over two years, which it says will meet two-thirds of Kyiv’s financing needs for 2026 and 2027 and allow it to engage in peace talks “from a position of strength”.
There are two options for generating the money. It could be a “reparations loan” based on Russian assets frozen in the bloc – the option favoured by the commission but strongly resisted by Belgium, which hosts most of the assets.
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Source Link EU has a plan to use frozen Russian assets to fund Ukraine – how will it work?





Leaders focus on bolstering Ukraine’s finances as US-Russia talks to end war make little progress
The European Commission will move ahead with controversial plans to fund Ukraine with a loan based on Russia’s frozen assets, but in a concession to concerns raised by Belgium, which hosts most of the assets, the EU executive has also proposed another option: an EU loan based on common borrowing.
The European Commission president, Ursula von der Leyen, said on Wednesday the two proposals would ensure “Ukraine has the means to defend [itself] and take forward peace negotiations from a position of strength”.
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Source Link European Commission plans ‘reparations loan’ to Ukraine using frozen Russian assets