The EU has blocked a billion-dollar loan for Ukraine: what is the reason for the delay.

According to inkorr.com: The European Union has suspended discussions on providing Ukraine with a large loan due to issues related to Russian assets. This decision has become complicated due to serious legal risks and a lack of unity among EU member states.

'We are not ready. This is unprecedented. We are doing this for the first time, so we are in territory that needs to be very carefully studied to take into account all possible consequences'

The planned loan was aimed at covering Ukraine's financial needs for two years, but Belgium opposed this initiative, noting potential negative consequences. Hadeja Lahbib urged other EU countries to support and coordinate their positions.

Belgium's position and next steps

Lahbib emphasized the importance of a cautious approach to Russian assets and the need for responsible decision-making. She also stressed that a coordinated position of the countries is critically important for further progress on this issue.

As a result, Ukraine is unlikely to receive the significant loan due to risks associated with Russian assets that are protected by international law. EU countries must find a common solution and coordinate their actions to move forward on this matter.

This situation reflects the complex challenges the EU faces in supporting Ukraine. The issue of Russian assets is extremely sensitive and requires careful discussion and cooperation among member states to avoid legal consequences and ensure financial support that is currently so needed by Ukraine.