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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. vinokess2 on

    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. mor_di69420 on

    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?

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