EU did not agree on a loan for Ukraine of €140 billion: who stood in the way.

According to inkorr.com: At the meeting of European Union leaders, an agreement could not be reached on providing Ukraine with a loan of €140 billion. According to the Financial Times, Belgium refused to support this proposal, while France and Luxembourg expressed concerns about potential legal consequences.

'We need to work much more thoroughly on the entire proposal,' said European Commission President Ursula von der Leyen.

The European Commission proposed financing for Ukraine through Russian assets that were frozen in Belgian Euroclear. However, the Prime Minister of Belgium rejected this idea, demanding more legal protection in case of potential lawsuits from Moscow.

G7 group is ready to use Russian assets

The finance ministers of G7 countries agreed on the possibility of using frozen Russian assets to finance the conclusion of the war in Ukraine. However, in order to use these funds to lend to Ukraine, the consent of all EU member states is required.

At the European Union meeting, no agreement could be reached on financing for Ukraine as Belgium, France, and Luxembourg remained cautious. The use of Russian assets to support Ukraine may only be possible with an agreement among all EU member countries.

This situation demonstrates the difficulties faced by the European Union in trying to ensure financial support for Ukraine amid the ongoing war. Despite the G7 group's readiness to use frozen assets, final decisions still depend on the alignment of positions among European countries.