EU plans €90 billion fund for Ukraine using Russian assets as Belgium pleads for alternative
PositiveWorld Affairs
- The European Union has unveiled a plan to allocate €90 billion to Ukraine over the next two years, primarily by utilizing frozen Russian assets. This initiative comes as Belgium, which holds a significant portion of these assets, has expressed concerns and called for alternative solutions to the funding strategy.
- This funding is crucial for Ukraine as it continues to grapple with severe financial challenges due to the ongoing conflict with Russia. The proposed use of Russian assets aims to provide much-needed economic support to stabilize Ukraine's economy during this turbulent period.
- The debate surrounding the use of frozen Russian assets highlights broader discussions on international law and financial ethics, with Belgium's opposition reflecting concerns about potential legal ramifications. Additionally, the EU's approach raises questions about the effectiveness of such measures in addressing Ukraine's long-term needs and the geopolitical implications of relying on Russian funds.
— via World Pulse Now AI Editorial System
