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EU Commission president Ursula von der Leyen: 'There is no seizing of the assets. Ukraine has to repay the loan if Russia is paying reparations' (Photo: EU Commission)

EU leaders to discuss financial fix to funnel frozen Russian assets to Ukraine

EU leaders are circling around a new plan to turn Russia’s frozen central bank reserves into wartime loans for Ukraine without formally seizing the funds — which would be illegal under international law.

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

EU Commission president Ursula von der Leyen: 'There is no seizing of the assets. Ukraine has to repay the loan if Russia is paying reparations' (Photo: EU Commission)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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