Loading ...EU Folds On Russian Asset ‘Reparations’, Commits $105BN Loan To Ukraine
Europe has folded rather quickly on EU leaders’ controversial plan to confiscate Russian assets held in Belgium’s depository Euroclear to use as a reparations loan for Ukraine.
On Friday it became clear in the two day Brussels summit the EU was unable to agree on the plan, but instead has opted to raise €90 billion ($105 billion) in joint borrowing, with Hungary, the Czech Republic and Slovakia choosing not to take part.