What Happens with the Frozen Russian Assets?
The European Union agrees on a loan to Ukraine but does not resolve the use of frozen Russian assets.
SUMMARY
The European Union agreed on a 90 billion euro interest-free loan for Ukraine but failed to reach an agreement to finance it with frozen Russian assets due to differences with Belgium.
KEY HIGHLIGHTS
- EU grants Ukraine a massive 90 billion euro interest-free loan.
- Differences with Belgium over the use of frozen Russian assets remain unresolved.
- Mark Voyger analyzes the reasons behind this situation.
CORE SUBJECT
European Union Loan to Ukraine and Frozen Russian Assets
European Union leaders agreed this Friday to grant Ukraine a massive interest-free loan of 90 billion euros, intended to cover its military and economic needs over the next two years. However, they failed to resolve differences with Belgium that would have allowed financing these funds through the use of frozen Russian assets. We analyze the reasons for this situation with Mark Voyger, president of the Kyiv Institute for National Security.
KEYWORDS
MENTIONED ENTITIES 5
European Union
🏛️ OrganizationPolitical and economic organization of European countries
Ukraine
📍 Location_CountryCountry receiving the loan
Belgium
📍 Location_CountryCountry with differences regarding the use of frozen Russian assets
Mark Voyger
👤 Person_MalePresident of the Kyiv Institute for National Security
Kyiv Institute for National Security
🏛️ OrganizationSecurity analysis institution