Brussels reportedly plans to offer bloc countries a choice between paying $100 billion, taking on joint debt, or seizing Russia’s frozen money
The EU has reportedly told its members that should a controversial plan to leverage Russian assets frozen in Belgium to finance Ukraine prove unworkable, it will seek a cut of each member state’s GDP to put up cash to Kiev.
According to a document circulated earlier this month and cited by Bloomberg, the bloc wants to issue a loan of around €140 billion ($160 billion) to Ukraine, using Russia’s immobilized central-bank reserves as collateral and repayable if Russia pays war reparations.
Belgium, which…
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