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Euronews
Euronews
Jorge Liboreiro

Political pressure mounts on Belgium to back reparations loan for Ukraine

Political pressure is mounting on Belgium to lift its reservations and agree to a bold plan to issue an unprecedented reparations loan for Ukraine using the Russian frozen assets.

The proposal would see a €140 billion loan issued as the main financing vehicle to fund Ukraine's military and budget needs for the next two years. The idea is groundbreaking and support for it is intensifying after the European Commission and finance ministers praised its merits as the best option available.

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