EU States May Face Joint Debt to Support Ukraine Amid Frozen Asset Setback

The European Union may need to raise joint debt to support Ukraine if plans to utilize frozen Russian assets for reparations fail, highlighting ongoing financial struggles amidst the conflict.

• At a recent EU summit, leaders discussed the possibility of raising tens of billions in joint debt to finance Ukraines needs, prompted by Belgiums refusal to support a €140 billion proposal.
• The initiative to use frozen Russian assets as a reparations loan faces setbacks, prompting the European Commission to explore alternative funding options for Ukraine.
• Politico reported that Hungarys position on the matter is also under scrutiny as EU member states seek viable solutions to support Kyiv while navigating complex financial landscapes.