Source: Responsible Statecraft
by Ian Proud
“In an article in Politico, Dan Fried, Anders Aslund and Kurt Volker argue for the European Union to speed up arrangements to unlock the $50 billion loan package that was approved at the G7 Summit in June. This suggestion is poorly conceived and risks repeating mistakes that paved the road to war in Ukraine. The proposed arrangement would use the interest accrued on €200bn of frozen Russian assets held by Euroclear in Belgium, to repay loans amounting to a total of $50 billion provided by a syndicate of G7 Member States. Those loans would be made to Ukraine to fill the yawning gap in its budget at a time of war.” (09/13/24)