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183 new news items in the last 24 hours
Yesterday 08:40

The European Union is facing difficulties in using frozen Russian assets to finance Ukraine, due to the unlimited guarantee requests made by Belgium.

Raluca Ioana Draghici
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International
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The European Union's plan to use the 140 billion euros in frozen Russian assets to support Ukraine faces significant obstacles. Belgian Prime Minister Bart De Wever is calling for member states to provide financial guarantees that exceed the total value of the assets, which can be activated quickly even after the sanctions against Russia expire. This requirement is considered unacceptable by many European countries, which hesitate to offer a "blank check."

The European Commission, led by Ursula von der Leyen, is working on a legal framework for loans, but the guarantees requested by Belgium risk derailing the negotiations. European diplomats warn that a ruling in favor of Russia in court could severely impact the financial stability of member states. If the deadlock continues, the Union may have to issue additional debt, an unpopular option, as it would increase the tax burden on European taxpayers. In this context, the head of European diplomacy, Kaja Kallas, has called for calm and openness to dialogue to find a viable solution.

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Belgia cere un „cec în alb” pentru deblocarea activelor rusești: „Dacă garanțiile sunt infinite și fără limite, atunci în ce ne băgăm?”
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Politico Europe
EU countries reject ‘blank check’ guarantee to Belgium over Russian assets loan

ȘTIRI PE ACELEAȘI SUBIECTE

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International
The European Commission wants to use frozen Russian assets to lend Ukraine 140 billion euros
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International
European countries are developing a plan B to financially support Ukraine, in case an agreement is not reached regarding frozen Russian assets.
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International
Bart De Wever, the Prime Minister of Belgium, has called for EU states to collaborate in using frozen Russian assets to support Ukraine, warning about the risks of Russian retaliation.
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International
EU leaders discuss financial support options for Ukraine, including loans backed by frozen Russian assets, but decisions are blocked by Belgium.
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International
Ursula von der Leyen and the Nordic leaders support a loan of 140 billion euros for Ukraine, using frozen Russian assets, in order to cover the financial needs of the country.
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EU Russian assets Belgium Ukraine Ukraine war Russia ursula von der leyen Kaja Kallas

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