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Proposal marks a last-ditch attempt to keep Ukraine solvent using Moscow’s immobilised wealth
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was
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Kyiv and European allies seek to strengthen their hand as Washington-led peace talks reach critical phase

Italy, Belgium and Austria worry about Russia moving against their companies

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

Elements of US peace proposal would give Russia sway over continent’s defence arrangements

Proposal for ‘reparations’ funding for Ukraine using immobilised Russian assets would be seen as ‘confiscation’

Proposal offering major concessions to Moscow blindsided European diplomats