Washington believes the frozen funds should be used as leverage for a Ukraine peace deal rather than “prolong the war,” the agency reports
The US is lobbying several EU members to block a plan to use frozen Russian assets as collateral for a €140 billion loan to Ukraine, in hopes of using the funds as leverage for a potential peace deal, Bloomberg reported on Friday, citing sources.
Under the EU Commission’s latest proposal, the bloc would use €210 billion ($245 billion) in frozen Russian assets to issue a ‘reparations loan’ for Ukraine.
According to the plan, Ukraine would repay the loan only if Russia agrees to pay war reparations, a scenario…
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