Belgium’s demand for robust legal guarantees has reportedly stalled plans to provide Kiev with a loan financed by Moscow’s funds
EU leaders have failed to reach an agreement on whether to use frozen Russian assets to support Ukraine through a controversial loan scheme, after Belgium demanded stronger legal safeguards, several media outlets reported. The matter is expected to return to the agenda in December.
According to Bloomberg and Politico, EU officials made little headway at a Brussels summit on Thursday on the plan to use immobilized Russian central bank assets as collateral for a proposed €140 billion ($163 billion) “reparation loan” to Kiev. The proposal assumes that the sum will be repaid if Ukraine wins the conflict and Russia agrees to pay reparations – something which is widely considered unlikely.
Moscow has repeatedly condemned Western efforts to use its frozen funds to aid Ukraine, calling the move ”theft.”
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
