Europe News
Reparations loan under 'pressure from different sides', Kallas says
The reparations loan for Ukraine is in doubt after Italy, Bulgaria, Malta and the Czech Republic joined the Belgian opposition and called for "alternative solutions". EU leaders will gather on Thursday to decide how to meet Kyiv's financial and military needs for the next two years.
Europe News
EU agrees to indefinitely immobilise €210 billion of Russian assets
The EU has decided to keep the assets of the Russian Central Bank immobilised for the foreseeable future. The ban, which is based on a provision for economic emergencies, pushes back against external attempts to release the €210 billion in assets before Ukraine is compensated.
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
Von der Leyen pushes ahead with reparations loan as Belgium holds firm
Ursula von der Leyen has offered sweeping guarantees for Belgium to agree to an unprecedented reparations loan for Ukraine. Belgian authorities say risks could be fatal. EU leaders will gather on 18 December to make a final decision. If no deal is found, the EU will resort to joint debt.
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
Von der Leyen lays out alternatives to reparations loan for Ukraine
Ursula von der Leyen has outlined a plan B to fund Ukraine should the reparations loan pegged to the Russian assets fail. The loan is still seen as the best option to keep the financing going even if Belgium plays hardball.