"The whole idea is stupid. There are two countries which are at war it's not European Union, [it's] Russia and Ukraine and the European Union would like to take away the money of one of the warring party and then to give it to another one. It's marching into the war. The Belgian prime minister is right, we should not do that."
"The 27-nation bloc scrambles to strengthen Kyiv's hand while Donald Trump pushes for a quick deal to end the fighting as the war drags towards the four-year mark. The EU estimates Ukraine needs an extra 135bn ($159bn) to stay afloat over the next two years, with the cash crunch set to start in April. To plug the gap the European Commission has put forward a plan to tap some 210bn of Russian central bank assets frozen in the bloc."
EU leaders are meeting in Brussels to consider using roughly 210bn euros of Russian central bank assets frozen in the bloc to fund Ukraine's defence. Ukraine faces an estimated shortfall of 135bn euros over two years, with a cash crunch beginning in April. German chancellor Friedrich Merz called the plan essential to increase pressure on Vladimir Putin. Poland's Donald Tusk warned that failing to provide funds risks bloodshed across Europe. Several member states led by Belgium, home to Euroclear which holds most Russian assets, have raised legal questions and doubts, with Bulgaria, Czechia, Italy, Malta, and Slovakia expressing concerns.
Read at www.theguardian.com
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