EU proposes using frozen Russian assets or borrowing to give Ukraine 90 bln euros

Item 1 of 2 European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo
[1/2]European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo Purchase Licensing Rights, opens new tab
Summary
Von der Leyen says European Union can 'dial up' pressure on Putin
Belgium still wary of using Russian assets for Ukraine loan
Plan was positively received by US, von der Leyen says
Moscow has said use of its frozen assets would be theft
BRUSSELS, Dec 3 (Reuters) - The European Commission proposed on Wednesday an unprecedented use of frozen Russian assets or international borrowing to raise 90 billion euros ($105 billion) for Ukraine to cover its struggling military and basic services against Russia's war.
The European Union's executive body has declared it favours a "reparations loan" using Russian state assets immobilised in the EU due to Russia's invasion …