A plan to give €175 billion to Ukraine is stuck due to “political issues,” Euractiv has reported
EU member states are unlikely to reach a political agreement later this month on a €175 billion ($190 billion) loan package for Ukraine financed by profits from frozen Russian assets, Euractiv reports, citing several EU diplomats.
The proposal, known as the ‘reparation loan’, is backed by Germany, France, and several eastern EU countries, but faces strong resistance from Belgium, which holds most of the immobilized assets. These funds were frozen under Western sanctions following the escalation of the Ukraine conflict in 2022.
EU member states could…
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