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Doubts grow over reparations loan for Ukraine as final deadline nears
The push to approve the reparations loan for Ukraine has entered the final stretch ahead of an EU leaders' summit on 18 December. Belgium continues to oppose the proposal, while Hungary rejects the Plan B of joint debt. Ursula von der Leyen has warned there are "no easy options".
Europe News
Reparations loan is 'very fragile' and risky, Euroclear warns
Euroclear, the custodian of the immobilised Russian assets, has criticised the reparations loan for Ukraine as fragile, unpredictable and risky. In Brussels, the German chancellor holds a crisis meeting with the Belgian prime minister to find a compromise and break the deadlock on the proposal.
Europe News
Reparations loan won't derail peace process, Kallas tells Belgian PM
The reparations loan for Ukraine will prove to Washington that Europe is taking "very credible" steps to end Russia's war, High Representative Kaja Kallas said on Monday. It comes after the Belgian prime minister warned that the unprecedented proposal risked derailing the diplomatic process.
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Europe News
EU weighs Plan B for Ukraine as Belgium raises bar on reparations loan
Belgian Prime Minister De Wever lashed out at plans for a reparations loan in a strongly worded letter to Ursula von der Leyen, calling it dangerous and wrong. European officials are seriously considering a bridge loan as clock ticks for the December summit. Belgian resistance is seen as entrenched.
Europe News
Belgian prime minister doubles down on opposition to reparations loan
Hopes to secure a reparations loan for Ukraine have been dashed after the Belgian prime minister blasted the proposal as "fundamentally wrong" and called on the EU to raise fresh debt instead of touching the Russian assets.
Europe News
Nordic leaders rule out debt, insist on Russian assets to aid Ukraine
The prospect of issuing new joint debt at a European level to support Ukraine leaves Nordic leaders cold. They insist financing should come from Russian assets as the Commission looks for options to break the deadlock.