Von der Leyen dilutes plan to use Russian assets to buy Ukraine arms
EU countries facing 'lost decade' risk due to tighter rules and funding halt, seeking new cash sources amidst resistance to using Russian assets for Ukraine.
- Bilawal Riaz
- 1 min read
EU countries are facing a risk of a ’lost decade’ due to tighter rules and a halt in EU funding, leading to a search for alternative sources of cash. Meanwhile, there is resistance from a group of countries against using Russian assets to purchase weapons for Ukraine. In Italian politics, Giancarlo Giorgetti, a quiet figure, has transitioned from a fisherman to the finance minister, aiming to bolster the credibility of Giorgia Meloni’s government. Additionally, there is discord among Western allies on how to hold Russian President Putin accountable, with the Biden administration frustrated by Europe’s reluctance to seize Moscow’s assets for Ukraine’s reconstruction.