About the author: Olena Havrylchyk is a Professor of Economics at the University Paris 1 Panthéon-Sorbonne.
The proposal to use immobilized Russian assets to finance a "reparation loan" for Ukraine will again be discussed at the next European Council meeting on Dec. 18 and 19.
The purpose of this loan is to advance Russia’s future reparations in order to cover Ukraine’s reconstruction and recovery needs, which are estimated at 506 billion euros (nearly $589 billion).
At the previous summit, B
Maybe Euroclear is not the only reason - rather a convenient excuse for De Wever to waste time - as his seat of power is Antwerp with a huge chemical industry partly fueled by Russian gas, and his party is right-wing nationalist and maybe more sympathetic to the Putin-Trump vision than they dare to admit (as not in line with sentiment in the country as a whole).