Summit divided on idea of loan secured against Russian assets, as Belgium seeks guarantees if scheme goes wrong

Summit divided on idea of loan secured against Russian assets, as Belgium seeks guarantees if scheme goes wrong

EU leaders are racing to secure a funding deal for Ukraine that has been cast as a choice between “money today or blood tomorrow”, but Belgium continues to oppose a loan secured against Russia’s frozen assets.

At a summit billed as make or break, EU leaders are discussing an unprecedented move to tap some of Russia’s €210bn sovereign assets frozen in the bloc days after the full-scale invasion of 2022.

Under the scheme, the EU would provide Kyiv with a €90bn loan to help keep Ukraine in the fight, as Russia ekes out gains on the battlefields.

Poland’s prime minister, Donald Tusk, said leaders had a simple choice: “Either money today or blood tomorrow.”

  • UnderpantsWeevil@lemmy.worldEnglish
    11·
    16 hours ago

    It’s the steady support of Ukraine that would cause Russia to turn back one way or another.

    Has it worked in the last twelve years? NATO has been fully in support of Ukraine since Maiden. Nothing has improved as a result.

    If trump and the gop hadn’t been such idiots, and just held the line, Russians would see no possibly advantageous end game and putin would probably be in exile or hung by his balls in red square by now

    Dems lost the general election in 2024 because they were more interested in bailing out Ukraine than covering domestic priorities.

    These people have made their own bed.

    • CannonFodder@lemmy.worldEnglish
      2·
      15 hours ago

      Dems lost the election for many reasons. Supporting Ukraine was definitely not one of them tho. Support for supporting Ukraine remains strong in the U.S. despite all the Russian attempts at manipulating the media. Russian bribery and blackmail only works on politicians, most of the people can still see what must be done.

      • UnderpantsWeevil@lemmy.worldEnglish
        21·
        14 hours ago

        Dems lost the election for many reasons. Supporting Ukraine was definitely not one of them tho.

        They shed 12M votes between 2020 and 2024, in large part thanks to failing to deliver on promises to their constituents. While Biden was throwing up his hands and insisting he couldn’t afford to relieve student debt, extend health care subsidies at the tail end of COVID, or defend the civil and labor rights of his constituents, he was shoveling money out the back door for Israel and Ukraine.

        Russian bribery and blackmail only works on politicians

        They work just fine on American business interests. But then American businesses are perfectly happy to bribe people directly. You had Elon promising to cut $1M checks to GOTV in swing states and TPUSA dropping much of its $85M war-chest across the critical swing state of Arizona in the run up to the election. Both groups pulled their fortunes from the post-COVID asset inflation of the American plutocracy. And they spent the money to buy up voters that Biden had allowed to languish.