RT International By RT International
The EU’s plan to steal Russian assets held in the bloc in order to fund Ukraine’s military and prolong its disastrous war has failed to get the backing of bloc leaders. The other key EU summit pillar – approving a contentious trade deal with the South American bloc Mercosur – was also aborted at the last minute amid chaotic protests by several-thousand farmers in the Belgian capital.
Following some 16 hours of talks, during which the deep divisions within the bloc were exacerbated by legislative overreach pushed by Commission President Ursula von der Leyen and her compatriot German Chancellor Friedrich Merz, European Council discussions ended without agreement on the controversial proposal to use frozen Russian assets to finance a €90 billion ($105 billion) loan aimed at allowing Kiev to continue its military campaign.
Instead, member states agreed to raise common debt – borrowing on the capital markets – to finance Kiev in the short term while “technical aspects of the reparations loan are worked out,” according to European Council President Antonio Costa…
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