EU Pressures Reluctant States: Frozen Russian Assets or Eurobonds, Take Your Pick

The European Union is intensifying pressure on member states reluctant to approve funding for Ukraine, urging them to use frozen Russian assets or face the alternative of footing the bill themselves, Politico reports. The Commission’s plan to tap these assets for a 140 billion euros reparations loan faces obstacles, particularly from fiscally cautious countries like Belgium, Germany, and the Netherlands, while highly indebted nations such as France and Italy are also hesitant to take on extra burdens.Officials see the frozen Russian funds as the only viable option, noting that joint EU borrowing, or eurobonds, is largely unacceptable to most governments, especially the so-called frugal states....Weiter zum vollständigen Artikel bei Novinite Weiter zum vollständigen Artikel bei Novinite