European Commission plans ‘reparations loan’ to Ukraine using frozen Russian assets

Option of EU loan based on common borrowing also proposed in concession to concerns raised by BelgiumEurope live – latest updatesThe European Commission will move ahead with a controversial proposal to fund Ukraine with a loan based on Russia’s frozen assets, it has announced.But in a concession to concerns raised by Belgium, which hosts most of the assets, the EU executive has also proposed another option: an EU loan based on common borrowing. Continue reading…