💨 Abstract

EU envoys are working to use frozen Russian assets, worth around $247 billion, as collateral for a loan to support Ukraine's economic and military needs over the next two years. The plan, which has never been attempted before, faces opposition from Belgium due to concerns about Russian retaliation. Two main proposals are on the table: a "reparations loan" using Russian assets until Moscow agrees to pay for war damages, or borrowing on financial markets.

Courtesy: WTOP Staff