EU leaders fail to back €140bn loan for Ukraine using frozen Russian assets
Belgium resists plan fearing retaliation by Moscow over assets immobilised on its soil
Belgium resists plan fearing retaliation by Moscow over assets immobilised on its soil

Premier Bart De Wever sets out conditions that would resolve his objections to a proposed €140bn EU loan to Kyiv

Money to be borrowed against bloc’s budget after leaders fail to agree on proposal using Moscow’s funds

Central bank rejects role in European Commission proposal that would use frozen Russian assets

There are ways to overcome a Belgian block and provide game-changing support to Kyiv

Also in this newsletter: Rival political forces hold marches in memory of Hungary’s 1956 anti-Soviet uprising

Contentious proposal to fund Ukraine would mark watershed moment for EU