Home WorldUS, Belgium Oppose European Plan to Use Frozen Russian Assets to Fund Ukraine

US, Belgium Oppose European Plan to Use Frozen Russian Assets to Fund Ukraine

by Kyle Anzalone
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The US is pressuring the European proposal to use the frozen Russian assets as collateral for a $105 billion loan to Ukraine. The aid is intended to fund the Ukrainian government and military for two years. 

European leaders, including Commission President Ursula von der Leyen, said on Wednesday, “One thing is very, very clear. We have to take a decision to fund Ukraine for the next two years in this European Council.”

Von der Leyen has spent months lobbying members of the bloc to agree to use the frozen Russian assets as collateral for a loan to Ukraine. The. . .

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