EU's Ukraine Funding Dilemma: Reparations Loan or Alternative Plans?

European Commission President Ursula von der Leyen presents alternative funding plans for Ukraine, as a proposed reparations loan from Russia faces resistance from Belgium. The loan, which would see Ukraine repay Russia if Russia pays reparations, is still considered the best option to support Ukraines defense and economy. However, Belgium, as host of Euroclear, fears aggressive retaliation from the Kremlin and demands maximum legal certainty. The clock is ticking for Ukraine, which will need fresh foreign aid in the second quarter of next year, with potential cuts in US assistance. Europe must continue to raise the cost of the war for Russia.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.