"Ukraine's president Volodymyr Zelenskyy said in an interview with Bloomberg, published this morning ($), that the country's survival relied on getting more funds from allies. I hope, God bless, we will get this decision, he told Bloomberg Television. If not, We will have to find an alternative, it's a question of our surviving. That's why we need it very much. And I count on partners."
"The European Commission still hopes to convince the member states and Belgium, in particular, as it continues to bloc the proposal amid legal fears to go ahead with a 140bn reparations loan based on frozen Russian assets. Commission president Ursula von der Leyen insisted this morning that it would be the most effective way to sustain Ukraine's defence and its economy. A final decision on the issue has been postponed until the EU leaders's summit in December, with the funding needed early next year."
EU finance ministers are meeting in Brussels to address the bloc's economic agenda with urgent focus on funding for Ukraine. Ukraine's survival is presented as dependent on additional allied funding and on partners acting. The European Commission seeks member-state approval, particularly from Belgium, to authorize a €140bn reparations loan using frozen Russian assets; Ursula von der Leyen called this the most effective way to sustain Ukraine's defence and economy. A final decision is postponed until the EU leaders' summit in December, with funding needed early next year. Kyiv faces domestic pressure after two energy ministers were dismissed amid a large-scale bribery scandal, prompting reassurances of European support and demands for reforms and stronger anti-corruption measures.
Read at www.theguardian.com
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