ShanghaiEye魔都眼 EU finance ministers agree using frozen Russian assets most effective way to fund Ukraine

EU chief Ursula von der Leyen insisted on Thursday that using frozen Russian assets to fund a new loan was the “most effective way” to finance Ukraine.

Von der Leyen’s executive has put forward a plan to use Russian central bank assets immobilised in Belgium to generate a €140 billion (US$163 billion) “reparations loan” for Ukraine.

But that has so far faced opposition from the Belgian government which fears it could face legal reprisals from Moscow.

The Russian Foreign Ministry has repeatedly and strongly condemned the freezing of Russian Central Bank assets by European nations, sternly warning that Moscow is prepared to retaliate in “the same manner.”

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