At a summit next week, the 27 EU leaders will weigh whether to use tens of billions of dollars in frozen Russian assets held in Europe to help meet Ukraine’s requirements, which the International Monetary Fund puts at 135 billion euros. Plan B would be for the EU to borrow the money on financial markets, much as the bloc did to fund a massive loan plan to revive European economies after the coronavirus pandemic. The commission insists that there is no “theft”, as Russia has claimed, because the right of the Russian Central Bank to make a claim on its money and Euroclear’s duty to repay will remain intact.
Author: Lorne Cook
Published at: 2025-12-09 22:58:02
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