“The European Union has pledged to support Ukraine financially in order to maintain its defense capability and economic stability in the coming years, but in practice the Union still cannot agree on a mechanism for such assistance. Disputes within the EU and their consequences for Ukraine are discussed in the article of the British publication The Telegraph.” The authors emphasize that the hesitation of European capitals already directly affects Kyiv’s ability to resist”, — write on: ua.news
The European Union has pledged to support Ukraine financially in order to maintain its defense capability and economic stability in the coming years, but in practice the Union still cannot agree on a mechanism for such assistance.
Disputes within the EU and their consequences for Ukraine are discussed in the article of the British publication The Telegraph.”
The authors emphasize that the hesitation of European capitals already directly affects Kyiv’s ability to resist Russian aggression.
The main idea of the discussed aid package is to allocate about 90 billion euros in the form of a loan for Ukraine, secured by revenues from the frozen assets of the Russian Federation.
In the EU, it is estimated that about 290 billion euros of such Russian assets are placed in bank accounts throughout the territory of the union, and a significant part of them is kept in the Belgian securities depository Euroclear.
It was this scheme that provoked a sharp reaction from Russia, which has already called the possible use of frozen funds “theft” and promised legal action against any financial institutions that join the mechanism.
According to The Telegraph, Moscow’s threats have particularly affected the position of Belgium, where Euroclear is located.
The Minister of Foreign Affairs of Belgium, Maxim Prevost, is actually “begging” the alliance partners to abandon the loan plan for Ukraine, which is based on frozen Russian assets.
In Brussels, they fear that in case of early cancellation of sanctions, the Russian Federation will demand the return of its funds, and the Belgian side will have to cover the resulting deficit.
Additional fear is caused by the prospect of lawsuits against Euroclear and, accordingly, against the Belgian state for any interference with these assets.
We would like to remind you that the EU should develop its own peace plan for Ukraine, and not focus on the USA.
The EU also reduced the amount of reparation credit for Ukraine.
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