By Julia Payne, Lili Bayer and Andrew Gray
THE European Commission has proposed an unprecedented use of frozen Russian assets or international borrowing to raise €90 billion ($105 billion) for Ukraine to cover its struggling military and basic services against Russia’s war.
The European Union’s executive body has declared it favours a “reparations loan” using Russian state assets immobilised in the EU due to Russia’s invasion of Ukraine. But Belgium, which holds most of the assets and has voiced a range of legal concerns, is not convinced by the proposal.
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