The European Union has a proposal for how to turn Russian frozen assets into a giant loan for Ukraine. If it fails, it could further weaken Europe’s global image.
Tag: Euroclear
Can Europe Agree on Turning Frozen Russian Assets Into Cash for Ukraine?
European Union officials want to make a large loan to Ukraine backed by Russian state assets, but on Thursday, they deferred any clear decision on that plan to December.
Ukraine Needs Money to Fight. Can Seized Russian Assets Help?
Kyiv’s supporters are discussing how to use the interest earned by frozen Russian assets to help pay for weapons and postwar reconstruction.
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.