Belgium derails proposal to use billions located in Brussels to fund €140bn loan to Ukraine for its war effort
EU leaders have swerved a decision on using Russia’s frozen assets to fund Ukraine’s defence, despite a plea from Volodymyr Zelenskyy to take swift action to make Moscow pay for its war.
Hopes of agreeing a new way of funding Ukraine’s war effort were dashed after opposition from Belgium, which hosts most of the Russian central bank funds immobilised in the EU at the Brussels-based institution Euroclear.
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Source link : https://www.theguardian.com/world/2025/oct/23/zelenskyy-presses-for-eu-decision-on-using-russia-assets-to-defend-ukraine
Author : Jennifer Rankin in Brussels
Publish date : 2025-10-23 22:44:00
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