European leaders face a challenging dilemma in funding Ukraine amidst rising debts and opposition to utilizing frozen Russian assets.
On October 23, European Union leaders pledged to finance Ukraine for the next two years. But that immediately raised a pressing question: where would the money come from? EU leaders will meet in Brussels on December 18, where they are expected to take a final decision.
Most EU governments are already grappling with high public debt. Raising more funds from financial markets would be both economically burdensome and politically unpopular.
The leaders are to decide whether to loan tens of billions of euros in frozen Russian assets to fund Ukraine's military and…
BRUSSELS: European Union leaders are gathering Thursday for a summit aimed at agreeing on a massive loan to cover Ukraine’s…
European leaders gathering to decide on using frozen Russian assets to finance Ukraine for the next two years.
European leaders gather in Brussels to decide on using frozen Russian assets to finance Ukraine for the next two years.
EU leaders had hoped to agree on a plan to fund a loan of 140 billion euros to bolster Ukraine.
EU ministers meet hours after the EU and the US announced new sanctions against Russia's oil industry.
