US EditionCan Europe Save Frozen Russian Assets From Donald Trump?
European powers want frozen Russian assets to fund Ukraine's reconstruction and keep them frozen until Russia pays damages, opposing Trump's plan to allocate $100 billion for US-led rebuilding.
- US President Donald Trump proposed reallocating 100 billion dollars of frozen Russian assets to US companies in a 28-point proposal, alarming Europe.
- To counter Trump's offer, Germany, France and the UK suggested staking frozen assets for Ukraine, with Moscow's assets frozen in Europe remaining frozen until Russia compensates damage to Ukraine.
- Nearly 300 billion euros in Russian assets were frozen outside Russia in 2022, with Euroclear, a Brussels-based financial depository, holding roughly �180 billion including bank accounts, securities, real estate and yachts.
- European leaders pushed back against Trump's plan, Belgium raised legal liability concerns and vetoed a reparations loan, and Germany's Chancellor Friedrich Merz said `Russian assets based in Brussels cannot be paid out to the Americans, that is unthinkable` ahead of the mid-December EU summit.
- Agathe Demarais said, `'That will come out of European taxpayers' pockets'`, highlighting opposition to Trump's plan driven by US interests and the US holding only $5 billion in frozen assets.
11 Articles
11 Articles
The European countries are working on an emergency plan, plan B, to prevent Ukraine from spending money at the beginning of next year, where it cannot reach an agreement on the use of frozen Russian assets for financing the effort to...
Can Europe save frozen Russian assets from Donald Trump?
After Trump's Ukraine peace proposal called for using frozen Russian assets to benefit the US, Europeans say only they can decide what to do with assets located in Europe. Experts say to move fast on a loan to Ukraine.
The EU has been negotiating for months what to do with the up to €185 billion immobilized, but the US now wants 86 billion of those millions to go to "led initiatives" by themselves.
British Prime Minister Keir Starmer said today at a meeting of the Coalition of the Willing that London is ready to cooperate with the European Union in providing financial support to Ukraine using Russian "immobilized" assets.
EU Commission prepares to present legal basis for using frozen Russian funds
British Prime Minister Keir Starmer announced that the United Kingdom is ready to co-operate with the European Union for the use of frozen Russian assets in Ukraine. He knows how this plan could work. The frozen Russian assets could become an important instrument for supporting Ukraine in the context of the war in Ukraine. The negotiations between London and Brussels advance, and the [...]
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
