Will EU Dare to Use Russia’s Billions for Ukraine?

WooGlobe

The European Union just hit pause on a massive €140 billion loan for Ukraine that would’ve tapped into frozen Russian assets. While some leaders call it a cautious step forward, others warn it's a dangerous legal gamble that could provoke Russian retaliation and global lawsuits. Belgium, which holds most of the funds, isn't convinced — and now all eyes are on December, when the EU must finally decide: take the risk or find another way? WooGlobe Ref : WGA299261 For licensing and to use this video, please email licensing@wooglobe.com

Transcript

00:00The EU just dodged a EUR-140 billion decision that could either save Ukraine or spark global

00:06financial chaos.

00:07At a high-stakes summit, EU leaders stopped short of unlocking EUR-200 billion in frozen

00:12Russian assets to support Ukraine.

00:15Some called it progress, others say they simply kicked the can down the road.

00:19Instead of approving a EUR-140 billion loan, they promised to revisit the issue in December.

00:24The problem?

00:25Those Russian assets are legally tricky and politically explosive.

00:29Belgium, home to most of the frozen cash, warned of lawsuits, Russian retaliation, and

00:35a hit to global investor trust.

00:37It's risky business, said Belgium's Prime Minister, who fears his country will bear the

00:42brunt if things go wrong.

00:44Yet some leaders argue it's a poetic twist—Ukraine funded by Russian money.

00:49Like a real-life Robin Hood story.

00:52Now Europe has two months to make a final call.

00:55Will they risk it all for Ukraine, or retreat from the legal minefield?

00:59December will tell.

01:00December will tell.

Category

Transcript

Be the first to comment

Recommended