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Euronews

Jorge Liboreiro

ECB declines to provide emergency liquidity for reparations loan to Ukraine

ECB European Union Ukraine United Kingdom Commission Paula Pinho Euroclear European Central Bank the European Central Bank De Wever

The European Central Bank has declined to provide emergency liquidity to the reparations loan for Ukraine, warning that doing so would breach the European Union's founding treaties and undermine the bank's much-prized independence.

The news, first reported by the FT, represents a fresh setback to the bold plan of using seized Russian assets to support the country it has invaded and destroyed.

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