The European Commission will move ahead with a controversial proposal to fund Ukraine with a loan based on Russia’s frozen assets, it has announced.

But in a concession to concerns raised by Belgium , which hosts most of the assets, the EU executive has also proposed another option: an EU loan based on common borrowing.

The European Commission president, Ursula von der Leyen, said on Wednesday the two proposals would ensure “Ukraine has the means to defend [itself] and take forward peace negotiations from a position of strength”. The week Europe realised it stands alone against Russian expansionism Read more

The publication of a long-awaited legal text of the reparations loan will be followed by an EU summit later this month at which EU leaders are being urged to agree a two-yea

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