EU Weighs Russian Assets for Ukraine Loan

EU officials propose using frozen Russian assets to fund a €140 billion loan for Ukraine, aiming to avoid using national funds. However, Belgium opposes this plan due to potential Russian retaliation. Ukraines war chest is dwindling, and the EUs economy chief warns that inaction could be costly. The Danish EU presidency pushes for progress, setting the stage for discussions. Despite hurdles, the EU may need to provide temporary loans to Ukraine, which could face severe financial difficulties as early as April if new funding isnt secured. This situation underscores the complex challenges the EU faces in supporting Ukraine.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.