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Close to €170bn in frozen Russian assets are parked at Brussels clearing house Euroclear — with complex legal worries about seizing them (Photo: Benoit)

EU edges closer to deal on massive Ukraine 'reparations loan' financed by Russian assets

EU leaders are moving closer towards an agreement that would see billions of euros in frozen Russian assets used as collateral for a massive loan to support Ukraine. 

An ambitious proposal to use Russian funds estimated to total around €170bn, was high on the ...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Close to €170bn in frozen Russian assets are parked at Brussels clearing house Euroclear — with complex legal worries about seizing them (Photo: Benoit)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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