EU weighs Plan B for Ukraine as Belgium raises bar to unblock reparations loan

EU weighs Plan B for Ukraine as Belgium raises bar to unblock reparations loan

European Union leaders are coming to terms with the idea that an emergency funding solution to keep the Ukrainian economy afloat will have to be deployed after Belgium raised the bar higher to unlock a reparations loan that would bolster Kyiv's finances.

The solution could see the EU raise money on the markets to deliver a non-repayable grant to Kyiv that would cover its most immediate financial and military needs in 2026.

This, in turn, would give leaders more time to break the deadlock over the proposed loan, a BOLD ATTEMPT to channel the immobilised assets of the Russian Central Bank to Ukraine.

The bulk of the assets, around €185 billion, is kept at Euroclear, a central securities depository in Brussels. This makes Belgium

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