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    1. GreenEyeOfADemon on

      BRUSSELS, Dec 18 (Reuters) – A new draft text discussed by European Union leaders on Thursday offers Belgium and other countries holding frozen russian assets unlimited guarantees for potential damages, should Moscow successfully sue them for an EU plan to lend them to Ukraine.

      The new draft text, seen by Reuters, also offers EU countries and institutions whose assets may be seized by russia in retaliation the possibility to offset such damages against russian assets held by the EU.

      The text, which is under discussion and could still change, also says the EU would put in place a mechanism offering unconditional, irrevocable, on-demand guarantees that the EU would swiftly repay the russian central bank assets in all circumstances should the need arise.

      Asked about the chances of the text being adopted in this form, EU diplomats said the lack of a limit on the guarantees would be a problem for many countries.

    2. Still early in the evening:

      EU leaning toward joint EU debt for Ukraine

      EU countries are coming around to issuing common debt for Ukraine instead of the ‚reparations loan‘, according to three EU diplomats.

      One of the diplomats said the discussion will likely take another one or two hours.

      Another person close to the discussions said the mood regarding the loan scheme is not looking good, but that the reparations loan remains the desired outcome.

      „Bart De Wever is very stubborn,“ said one EU diplomat.

      A fifth EU diplomat said the leaders are still talking in a room without their mobile phones.

      https://www.euractiv.com/news/eu-summit-live-brussels-do-or-die-moment/

    3. Turbulent-Raise4830 on

      If they had given this months ago we wouldnt have had to do this circus.

    4. AlexNihilist1 on

      Why we aren’t using every single frozen russian asset is still mind blowing. There is no need to respect a country when you’re facing an enemy nation that is actively trying to destroy every single democracy in Europe

    5. This is good right? Someone with knowledge of politics speak help a pleb out here.. is this lethargy or is the EU withstanding US pressure and uniting?

    6. AdminEating_Dragon on

      Given that we should never pay back this money to Russia, give Belgium whatever text they want.

      And we need to start discussing excluding Russia from international arbitration.

      Agressor genocidal countries who start wars in Europe shouldn’t get protection by our international financial rules.

    7. I think it is fair that the money can be used for the damage done to the infrastructure and property of Ukraine. If Russia wants the money back, don’t send rockets over the border. If it is directly linked to the damage they do, maybe they’ll stop?

    8. So Merz is no Merkel. And Juncker was better than vdL. Such a debacle wouldn’t have happened with them.

      First a loan then a reparations deal, diplomats say
      Leaders have now shifted focus to a €90 billion loan for Ukraine backed by the headroom from the EU’s seven-year budget through 2026 and 2027.

      Unanimity will be required for that, one diplomat said, with the aim of covering Kyiv’s urgent financial needs for the coming two years.

      On top of that, officials have proposed that EU leaders and institutions keep working on a reparations loan, two officials confirmed.

      Leaders head back to the table

      With a landing zone for an interim deal in place, EU leaders are going back into the room for talks on the exact figure of the loan. One EU official was clear that the figure could very well be less than the €90 billion previously pledged by the European Commission.

      One diplomat expects an imminent conclusion to the summit.

      https://www.euractiv.com/news/eu-summit-live-brussels-do-or-die-moment/

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