>If the EU does not agree to issue Kiev a "reparations loan" using frozen Russian assets, it will create serious problems for Ukraine - New York Times.
>The President of the European Council stated that the EU is "committed to meeting Ukraine's urgent financial needs over the next two years," including military support, which will require over $150 billion. Without confiscation of Russian assets, fulfilling this promise will place a heavy burden on already overloaded state budgets.
>After Trump's decision not to allocate new funds to Ukraine, Europeans are struggling to find money as their budgets are severely limited. Even with mobilization of funds, doubts remain whether there will be enough to continue the fight against Russia and whether it will influence Putin's decision to end the war.
>The EU intends to work out the details of the scheme by December to convince Belgium to support confiscation and to involve G7 countries.