EU member vows not to pay ‘a single cent’ for Ukraine’s military

Slovak Prime Minister Robert Fico has refused to fund Kiev’s war effort after a proposal for a “reparation loan” stalled

Slovakia will not allocate any money toward military aid for Ukraine, Prime Minister Robert Fico said on Wednesday, following the EU’s failure to agree on a proposed “reparation loan” backed by immobilized Russian assets.

The EU plan aimed to raise around €140 billion ($160 billion) by using Russian sovereign funds held in the Belgium-based Euroclear clearinghouse as collateral. However, after Belgium blocked the initiative, the European Council pledged last week to explore other options to cover Kiev’s needs for the next…

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