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Infighting in EU over Using Frozen Russian Billions to Fund Ukraine Rebuilding: Who Stands Where?
The US warns Europe that seizing €210 billion in frozen Russian assets risks legal issues and could prolong the Ukraine war, proposing alternative US-led investment plans.
- On Thursday, the United States warned it will demand `the money back` if the European Union and Britain seize frozen Russian assets worth �210 billion.
- Euroclear, the pan-EU securities house in Brussels, holds 185 billion in Russian funds under sanctions, while the original US peace plan leaked last month proposed investing $100 billion in US-led projects and a separate vehicle for remaining funds.
- Ukraine faces a �135 billion financing need over two years and is forecast to run out of money in April, while the European Union plans to contribute �90 billion with another �45 billion from G7 countries including Britain.
- Belgium warns the institution facing downgrade over plans to seize funds, while Viktor Orban, Hungary's prime minister, orders reserve withdrawal if blocked Russian assets are seized.
- A political fight looms on Thursday at the Brussels summit, where President Volodymyr Zelensky will ask EU leaders to use frozen Russian assets, while Washington opposes using the funds as collateral.
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14 Articles
Europe's Desperate Scheme to Steal Billions in Frozen Russian Assets Collapses Under U.S. Pressure and Financial Reality
Guest post by Drieu Godefridi In a stunning admission that exposes the deep divisions within the West, Polish Prime Minister Donald Tusk revealed on Tuesday that the United States is firmly pressuring Europe to back off from confiscating hundreds of billions in frozen Russian sovereign assets.
·United States
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A senior Ukrainian official told the AFP on Wednesday that Donald Trump's government was "pressing" European countries to "renunciate the idea" of using frozen Russian assets in the EU to help Ukraine. ...
·Brussels, Belgium
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Representatives of the American administration put pressure on friendly European governments to reject...
·Vilnius, Lithuania
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Total News Sources14
Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 33%
C 56%
11%
Factuality
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