Belgium’s demand for shared risk and guarantees was not met by bloc leaders who back “borrowing” billions of sovereign Russian funds
EU leaders have failed to reach an agreement on whether to use frozen Russian assets to support Ukraine through a controversial loan scheme, after Belgium demanded stronger legal safeguards. The matter is expected to return to the agenda in December.
According to Bloomberg and Politico, EU officials made little headway at a Brussels summit on Thursday on the plan to use immobilized Russian central bank assets as collateral for a proposed €140 billion ($163 billion) “reparation loan” to Kiev. The proposal assumes…
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