European leaders, including Ukrainian President Volodymyr Zelensky, agreed to establish an international body to determine tens of billions of euros in reparations for Ukraine following Russia’s invasion. The decision was signed by 35 countries. The newly formed International Claims Commission for Ukraine will assess and decide on compensation claims, including amounts to be paid. Zelensky […]
Frozen Russian assets
EU eyes frozen Russian assets to fund €90bn for Ukraine
BRUSSELS: The European Commission on Wednesday presented EU member states with two options to provide Ukraine with €90 billion ($105 billion) over the next two years: use frozen Russian assets or borrow on international markets. The Commission favors a “reparations loan” using Russian state assets frozen in Europe due to Moscow’s war in Ukraine. Belgium, […]