Member states may need to raise billions in joint debt if using frozen Russian assets for a “reparations loan” fails, sources told the outlet
EU countries could be asked to raise tens of billions in joint debt to finance Ukraine if an initiative to use frozen Russian assets for a “reparations loan” fails, Politico reported on Monday, citing diplomatic sources.
According to the report, several leaders discussed this alternative at last week’s EU summit after Belgium refused to back a €140 billion ($160 billion) Ukraine loan secured by the frozen Russian assets.
Although the details of the new plan remain unclear, joint debt typically refers to…
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