The European Union is scrambling for ways to keep funding flowing to Ukraine as the country approaches the fourth anniversary of Russia’s invasion. The European Commission has put forward a complex scheme to use some €210 billion of Russian central bank assets frozen in the bloc to generate a loan for Ukraine. But Belgium remains opposed to the plan. It is concerned about possible retaliation from Russia. DW speaks to Hugo Dixon, British campaigner and principal architect of the plan to use Russia’s frozen assets to help finance Ukraine’s military campaign.
0:00 Why a sizeable portion of Russia’s frozen central bank assets are in Belgium
00:55 Genesis of the reparations loan plan
03:50 People and events that helped make the reparations loan plan
05:38 Safeguards for Euroclear
08:16 How the Ukraine reparation loan plan works
10:52 Belgium’s opposition
12:47 Risks to the Eurozone
14:52 Signal to countries abroad
17:00: US plan for Russia’s frozen assets
19:10: What reparations loan for Ukraine will achieve
#RussiaAssets #FrozenAssets #RussiaMoney
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