EU races to win Belgian backing for โฌ140B Ukraine loan
The European Commission will try on Friday to assuage Belgium’s concerns over the legal and financial risks of repurposing Russian assets.
The European Commission will try on Friday to assuage Belgium’s concerns over the legal and financial risks of repurposing Russian assets.
The debate about issuing a reparations loan to Ukraine has prompted one burning question: Where exactly are Russia’s immobilised assets?
Brussels fears the IMF could cancel aid unless Belgium agrees to back a โฌ140 billion reparations loan to Ukraine.
After an inconclusive summit, EU leaders instructed the European Commission to explore “options” to meet Ukraine’s financial and military needs for next year and 2027. What could these options look like?
EU edges towards using โreparations loanโ using Russian frozen assets; Kremlin pressing ahead with year-round conscription. What we know on day 1,344Ukraine sent drones towards Moscow for the third consecutive night, closing airports, Russian authoriti…
The idea of joint European borrowing is rejected by most of the bloc’s governments. That’s why the Commission is using it as leverage to get them to approve the use of Moscow’s assets.
An audacious plan to use Russia’s immobilised assets to issue a โฌ140-billion loan to Ukraine is held up by EU leaders. Here’s why.
Hadja Lahbib defends Prime Minister Bart De Wever’s blockade of a disputed plan to help Kyiv fight Vladimir Putin.
EU leaders on Thursday asked the European Commission to prepare options to fund Ukraine for two more years, keeping open the possibility of a loan backed by frozen Russian assets. After a summit in Brussels, they deferred a final decision on the propo…
The ‘coalition of the willing’ on Friday pledged to boost Ukraine’s long-range missile capability and set a deadline for using frozen Russian assets to unlock funding for Kyiv. Leaders from the 33-country coalition met in London with Ukrainian Preside…
Von der Leyen and Costa lost some credibility when they failed to get a deal to fund Ukraine using Russian assets. Zelenskyy could lose a lot more.ย
EU leaders on Thursday asked the European Commission to prepare options to fund Ukraine for two more years, keeping open the possibility of a vast loan backed by frozen Russian assets. After marathon Brussels talks, they deferred a final decision on t…
Ukrainian president says โtime to act is nowโ as Belgium seeks guarantees from other member states over loan planVolodymyr Zelenskyy has urged EU leaders to use Russiaโs frozen assets to fund Ukraineโs defence โas soon as possibleโ, as summit talks on …
President Volodymyr Zelensky said Ukraine should be allowed to use frozen Russian assets to fund domestic weapons production and purchase arms from Europe and the U.S. Speaking at a press conference in Brussels, he urged the EU to approve a major โrep…
Finnish Prime Minister Petteri Orpo tells POLITICO Ukraine must be equipped to match or exceed Russiaโs capabilities because Vladimir Putin only responds to strength.ย
From unanimity on a reparations loan to the unpredictability of Trump, EU leaders will gather this week with agreement on ending the war still fraught with hurdlesโข Donโt get This Is Europe delivered to your inbox? Sign up hereAnother week, another fli…
Russians confirm attack on Bryansk region home to explosives factory; Trump-Putin talks shelved, US diplomacy โgoing in circlesโ. What we know on day 1,337Storm Shadow missiles struck a Russian chemical plant making gunpowder, explosives and rocket fue…
Belgium will give the nod for the Commission to put forward a legal proposal outlining the โฌ140 billion Ukraine loan.
After Ukraineโs leader struck out at the White House last Friday, his European friends will try to strengthen his hand before itโs too late.ย
Even though the need is high, Kyiv is still forced to wait its turn unless “there is goodwill,” the Ukrainian president said.
Can we really allow member states to object to the Ukraine loan on the grounds that this would undermine their standing in the eyes of other dictatorships who wish to use their money-managing services?
The Vaticanโs child protection board said Thursday the Catholic Church has a moral obligation to help victims of clergy sexual abuse heal. Financial reparations for the abused and tougher sanctions for the abusers and their enablers are essential reme…
The bloc already has its eyes on โฌ140 billion in Moscow’s frozen assets, but the European Commission is tempted to grab additional funds from private bank accounts.
US president says Narendra Modi, Indiaโs prime minister, has given him an assurance; EU to work on G7 leaders about Russian assets. What we know on day 1,331Donald Trump said on Wednesday that Narendra Modi had assured him India would stop buying oil f…
A majority of NATO countries have joined the PURL scheme, and the rest are under pressure “to put your money where your mouth is.”
Brussels wants other countries to follow the EU’s lead in issuing reparation loans to help war-torn country.
LUXEMBOURG โ Italy on Friday demanded assurances from the EUโs statistics office that national guarantees against a โฌ140 billion loan to Ukraine wonโt worsen their debt load and budget deficit, according to four diplomats. Giancarlo Giorgetti, the Italian finance minister, made his demands behind closed doors in Luxembourg, where he and his EU peers met [โฆ]
Belgian PM Bart De Wever has suggested that the Commission’s scheme to leverage Russian frozen assets effectively amounts to confiscation.
The European Central Bank fears putting Putin’s assets to work could undermine the credibility of the euro. Tokyo and Washington would offer useful cover.
The EU is working on a new plan to provide a “Reparations Loan” to Ukraine based on Russia’s frozen assets. But key questions remain unanswered.
From building a โdrone wallโ on the EU’s eastern flank to bypassing Hungaryโs stonewalling of Ukraine, these are the blocโs most pressing priorities.
European Commission President Ursula von der Leyen says a zero-interest reparations loan should be partly used “to strengthen our own defense industry.”
Alexander Stubb has hailed an EU proposal to confiscate frozen Russian assets unless Russia agrees to pay war reparations to Ukraine. But Belgium calls the plan “problematic.”
Commission chief’s announcements come ahead of a European Council summit in Copenhagen.
Europe is finding ways to step up to finance Kyivโs and its own defence
Wednesday’s Copenhagen summit is a step toward turning the EU into a military power. But the bloc isn’t united and the risks are great.
EU legal experts are studying a way to get round the need for unanimity to send โฌ140 billion to Kyiv.
Talks will come to a head during an informal meeting of EU leaders in Copenhagen next week.
Mette Frederiksen announces โreconciliation fundโ plan on same day decision to remove Greenlandic womanโs baby is reversedDenmark intends to pay reparations to Greenlandic women who were fitted with contraceptive coils by Danish doctors and to other pe…
Finance Minister Franรงois-Philippe Champagne ruled out the prospect of Canada joining the EU, saying: โWeโre not there.โ ย
The controversial plan could mirror a similar proposal being considered by the European Union.
Tensions between Poland and Germany complicate the effort to show a united front against Russia’s Vladimir Putin.
Former president slams EU scheme to use Russian assets for Ukraine’s war effort, first reported by POLITICO.
Patriots accuse EU of sabotaging its access to public cash โย and it’s just scored its first victory.
Replacing seized assets with EU bonds could allow Brussels to tap Russiaโs frozen assets to fund Kyivโs war effort.
Ursula von der Leyen offered a first look into the next round of sanctions against Russia and a special reparations loan for Ukraine.
Confronted by boos and facing mounting opposition, the European Commission president chose to look outward.
The Commission president’s suggestion would fall short of immediately confiscatingย the assets.
Marking the warโs 86th anniversary, Polandโs president renews a politically charged call for โฌ1.5 trillion in German reparationsโdespite government doubts over its feasibility
The EU’s foreign policy chief said the bloc needs to dive deep into the issue of frozen Russian assets, to be prepared in case of an eventual ceasefire or peace deal.
The EU’s foreign policy chief said the bloc needs to dive deep into the issue of frozen Russian assets, to be prepared in case of an eventual ceasefire or peace deal.
A call between Trump and EU leaders gave them hope that he’ll protect their interests in any Ukraine peace deal. It may not last.
Nonmembership of the Paris Agreement doesn’t exempt countries from duty to fight global warming, ICJ says.
Exclusive: French government says it is open to dialogue but does not acknowledge responsibility in letter seen by the Guardian More than a century after its troops burned villages and looted cultural artefacts in the quest to include Niger in its west…
The exhibition aims to recall the extent of the destruction suffered by Poland and Greece at the hands of Germany during World War II and provide evidence for those who call for long overdue reparations.
Many survivors believe organisationโs request for forgiveness over abuse in Womenโs Protection Board centres does not go far enoughAs the members of the Catholic organisation wrapped up their speech with an appeal for forgiveness, the auditorium in Mad…
The Kremlin on Monday released a memorandum with conditions for a ceasefire at talks in Istanbul. As expected, the document calls for the annexation of four more of Ukraine’s regions, the disarmament of its military and control over its diplomacy. It …
As the global call for slavery reparations reaches a critical juncture, pressure mounts on former colonial powers to confront their historic wrongs. Amid this reckoning, French President Emmanuel Macron prepares to officially acknowledge Franceโs 200-…
France should return harsh damages imposed on Caribbean country in 1825 after Haitian Revolution, say campaignersFrance has a moral duty to reimburse Haiti billions of dollars worth of โransomโ payments that could help the struggling Caribbean country …
The U.S. president doesn’t see the benefit in helping allies โ and its visible in the deal he’s trying to foist on Ukraine.
The European Council president’s remarks come just days after the Belgian prime minister said confiscating the assets would amount to “an act of war.”
Ukraine agrees to immediate 30-day cease-fire if Russia does too.
U.S. secretary of State hinted that aid to Kyiv could start flowing again depending on the outcome of the upcoming talks.
After an intense pressure campaign, Ukraineโs leader appears ready to sign a minerals pact with the U.S.
After an intense pressure campaign, Ukraineโs leader appears ready to sign a minerals pact with the U.S.
Europe has significant leverage after being left out of key talks on ending the war in Ukraine, but will it use it?
Grenada’s prime minister jabs at European Commission president over historical slave trade.
We call on the EUโs member countries and institutions to be the voice of human dignity globally, and to mobilize, defend and support the court.
Presidential candidates focus on historical grievances ahead of May vote
Kremlin delegation makes first trip to country since collapse of ally Bashar al-Assadโs regime
Joan Busquets, 96, suffered torture, forced labour and 20 years in prison under the Franco regime and seeks reparationsOne of the last surviving fighters from the guerrilla war waged against the Franco dictatorship in the 1940s is suing the Spanish gov…
Five mixed-race women sued the Belgian state for taking them away from their families in racially motivated abductions.
Mixed-race children were forcibly removed from their families under a state policy in the 1940s.
Mixed-race children were forcibly removed from their families under a state policy in the 1940s.
Kemi Badenoch will aim to get Britain’s battered Tories โ who quietly have a strong record on diverse representation at the top table โ back on their feet.
Robert Jenrick said Commonwealth nations owe Britain a “debt of gratitude” for promoting peace and prosperity.
Commonwealth countries raised the issue in summit communiquรฉ despite Prime Minister Keir Starmer’s insistence the issue would not be on the agenda.ย
Two men, worlds apart, are Britain’s diplomatic double act in Samoa. But there’s more to connect Keir Starmer and King Charles III than meets the eye.
โThere should be โฆ a โcome to Jesusโ moment, where we truly look at one another in the eye,” Bahamas leader Philip Davis told POLITICO.
U.K. Prime Minister Keir Starmer and King Charles III head to the Commonwealth summit to talk climate change and growth. Not all their friends will be there.
Pope Francis praised the courage of victims and reviled offenders at the end of an extraordinary papal visit.
Pope Francis applauded at the end of De Croo’s damning speech, in which he stressed the need for reparations and justice for the victims of sexual abuse at the hands of church officials.
โThey are here to help,โ the Polish PM said.
The vice presidentโs appearance at the NABJ event follows Donald Trumpโs combative sit-down interview with the association.
The Democratic candidate’s voter support means resolving differences between the EU and U.S. no longer seems so urgent.
Time is running out on Ukraineโs finances, and none of the reasons behind the blocโs inaction stand up to scrutiny.
More attuned to the Democratic Partyโs progressive wing, Harrisโs position is, if anything, more reflective of a changing America.
Viktor Orbรกnโs new hard-right group, Patriots for Europe, is a Habsburg coalition that gives the Hungarian leader the European platform he craves.
President Andrzej Duda took aim at Prime Minister Donald Tusk for saying Poland had given up on war reparations claims against Germany launched by the previous conservative PiS government during a joint press conference with German Chancellor Olaf Scho…
The failure to reach an agreement is a major setback for the German and Polish leaders as they try to mend relations.
The German chancellor is also expected to announce additional support for the defense of Poland’s eastern flank as the two countries seek to mend long-strained ties.
But, says Josรฉ Maria Neves, this should not stop governments trying to build solutions using diplomatic corridorsCape Verdeโs president, Josรฉ Maria Neves, said the rise of rightwing populism has made it difficult to hold a serious debate over colonial …
No matter what, any deal will to take time, and a complex set of legal and political challenges await the EU.
As new exhibition opens in Amsterdam exploring the settlement of North America, original Manhattanites demand apologyRepresentatives for some of the Lenape people have called for an apology and reparations for the 17th-century Dutch โsettlingโ of New A…
The history of U.S.-Israeli relations suggests Washingtonโs leverage may not be as great as some progressive Democrats think.
For the first time Ukraine had the right conditions to make reparations to those subjected to crimes such as rape and sexual slavery. What would it take to replicate this globally?Across the world, women and girls continue to be plagued by gross human …
President advocated โpaying the costsโ of colonial-era crimes but government said focus was deepening international cooperationThe Portuguese government has dismissed suggestions from the countryโs president that it should โpay the costsโ for slavery a…
First payments to be made during an ongoing conflict is โimportant step towards restoring justiceโ, says first lady, Olena Zelenska The first reparation payments are to be made in the next few weeks to survivors of wartime rape by Russian soldiers duri…
Critics of Marcelo Rebelo de Sousa say behind remarks is lack of national recognition that slavery should be discussed in schoolsPortugal needs to โpay the costsโ of slavery and other colonial-era crimes, the countryโs president has said, in a rare ins…
Pledges to take Russian money to help Ukraine face a litany of legal and tactical quandaries.