EU to propose tapping €210bn in Russian assets for Ukraine loan
Also in this newsletter: the EU’s drone lab, and Italian premier Giorgia Meloni heads to the Gulf
Also in this newsletter: the EU’s drone lab, and Italian premier Giorgia Meloni heads to the Gulf

When it came to using frozen Russian assets as leverage, the EU blinked

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

Contentious proposal to fund Ukraine would mark watershed moment for EU

Also in this newsletter: Why Brussels’ U-turn on combustion engines won’t halt EVs

Also in this newsletter: Honda calls out ‘made in Europe’ requirement for subsidised electric cars

Brussels blindsided by US plan for joint investment funds with Moscow and Kyiv