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Why can't the EU agree on using Russian assets for Ukraine?
The main obstacle is legal and financial risk. Belgium and some other countries worry that using frozen Russian assets could lead to legal challenges or damage their financial stability. They demand guarantees to protect their interests, while others argue that the assets should be used to support Ukraine and hold Russia accountable.
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What are the legal risks of using frozen Russian assets?
Using frozen Russian assets without clear legal backing could be considered theft or expropriation, which might lead to lawsuits or international disputes. Countries like Belgium fear that Russia could challenge the move in courts, potentially leading to financial penalties or damage to their reputation.
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How might Russia retaliate if the EU proceeds with the loan?
Russia has warned that any operation involving its sovereign assets without its consent could have serious consequences. Possible retaliation could include economic measures, diplomatic protests, or increased tensions with the EU, which could impact broader geopolitical stability.
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What does this deadlock mean for Ukraine's 2026-27 budget?
Without a clear agreement on using Russian assets, Ukraine may face delays or uncertainties in securing funding for its upcoming budget. The EU's divided stance could slow down financial support, affecting Ukraine's defense and economic plans for the next few years.
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Could this dispute affect EU unity?
Yes, the disagreement highlights underlying divisions within the EU over how to handle Russia and support Ukraine. Countries with different legal, economic, or geopolitical interests may continue to clash, potentially weakening the EU's collective stance on Russia and Ukraine.
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What are the next steps in this diplomatic standoff?
Negotiations are ongoing, with EU leaders trying to find a compromise that balances legal risks and Ukraine's needs. The upcoming EU summit will be crucial in determining whether a consensus can be reached or if the deadlock will persist, impacting future policy decisions.