BRUSSELS, Belgium: EU leaders on Thursday took a cautious first step toward using Russian frozen assets to provide a mammoth new loan for Ukraine — though marathon talks in Brussels failed to produce a clear green light.
The so-called “reparation loan” is seen as crucial to helping keep Kyiv in the fight against Moscow and making the Kremlin pay — but it is fraught with legal and political perils.
To get around them, the European Commission has floated a complex scheme it says could hand 140 billion euros ($162 billion) to Kyiv over the next few years.
Here’s what is at stake and how it could work:
What’s happened?
