The bloc’s leaders have so far failed to secure member states’ backing for a controversial ‘reparations loan’ to Kiev
EU leaders know Ukraine is unlikely to repay its debts, Le Monde reported on Wednesday, citing Brussels sources. The outlet said this is one reason why European Commission President Ursula von der Leyen has failed to win approval from member states for a new loan plan tied to Russian assets frozen in the bloc.
Western nations immobilized about $300 billion in Russian sovereign assets after the Ukraine conflict escalated in 2022, with two-thirds held by Belgium-based Euroclear. The funds have since generated billions in…
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