Brussels is struggling to overcome Belgium’s resistance to its proposed ‘reparation loan’ meant to prop up Kiev’s finances
The EU will attempt to override opposition from Belgium and other states in order to follow through on its threat to steal sovereign Russian assets to fund Ukraine’s war-chest, the bloc’s top executive has said.
EU leaders want to issue a ‘reparation loan’ to Kiev by using Russian funds frozen in the West as collateral. However, Belgium, where the bulk of the holdings are kept by the privately owned Euroclear, has refused to greenlight the plan unless other EU nations share the legal and financial risks of what Moscow has…
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