Europe left worried by US plan on Russian assets to pay for Ukraine
Governments fear they will be on the hook for Washington’s proposal to hand Kyiv a loan of as much as $50 billion.
Source: politico.eu
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Governments fear they will be on the hook for Washington’s proposal to hand Kyiv a loan of as much as $50 billion.
G7 nations are coalescing around a plan to use frozen Russian assets to secure an enormous loan.
Brussels is now thinking of alternative ways to provide long-term support to Kyiv.
While billions would be used to buy weapons for Ukraine, neutral countries can limit themselves to providing non-military aid to Kyiv.
Europe’s rescue fund has nothing left to rescue. It could now become governments’ silver bullet for military investment instead.