U.S. Pushes for Accelerated Peace Deal Amid EU Reparations Loan Doubts for Ukraine
The United States is advocating for a swift peace agreement between Ukraine and Russia, as the European Union faces challenges in converting Russia's immobilized assets into a reparations loan for Ukraine. The EU's plan involves using these assets, primarily held in Belgium, to provide a zero-interest line of credit to Ukraine, which would be repaid only after Russia compensates for war damages. However, Belgium, the custodian of these assets, opposes the plan due to potential financial risks and legal complications. The EU leaders are set to meet on December 18 to finalize their decision on financing Ukraine's needs, with some member states supporting the reparations loan as a viable solution. Meanwhile, the U.S. is concerned that delays in the EU's decision could hinder peace efforts, as European leaders fear that Washington and Moscow might use the immobilized assets for other ventures.