Wednesday, July 15

Tag: European Union

18Dec By AdminsNo Comments

EU leaders face crunch decision on loaning Russia’s frozen cash to Ukraine

Ukrinform/NurPhoto Belgian Prime Minister Bart De Wever is yet to be convinced that the money held in Belgium should be loaned to Ukraine (file pic) European Union leaders are gathering for a Brussels summit where a momentous decision will be taken on whether to loan Ukraine tens of billions of euros in frozen Russian assets to fund its military and economic needs. Most of Russia's €210bn (£185bn; $245bn) worth of assets in the EU are held by Belgium-based organisation Euroclear, and so far Belgium and some other members of the bloc have said they are opposed to using the cash. Without a boost in funding, Ukraine's finances are set to run dry in a matter of months. One European government official described being "cautiously optimistic, not overly optimistic" that a de...
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28Aug By AdminsNo Comments

European leaders boost Moldova in face of ‘relentless’ Russia

Global Images Ukraine via Getty Images Leaders from France, Germany and Poland have travelled to Moldova to show support for the country's accession to the EU and warn of Russia's "relentless" efforts to undermine that ambition. The visit comes as Moldova marks 34 years of independence from Moscow, declared as the Soviet Union fell apart. But it is also taking place a month before critical parliamentary elections in which the EU and the Moldovan government fear pro-Russian elements could gain ground. Flanked by European heads of state, Moldova's pro-Western President Maia Sandu told her country that it proved EU membership was "not a distant dream, but a project we are working on", one that is vital as a guarantee of security. "The merciless war that Russia wages again...
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