EU, Brussels and Mercosur
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European Union leaders have stalled in talks about providing a massive loan to Ukraine using frozen Russian assets.
About 1,000 honking tractors rolled into the Belgian capital to heap pressure on an EU leaders’ summit where the deal’s fate hung in the balance
A new draft text discussed by European Union leaders on Thursday offers Belgium and other countries holding frozen Russian assets unlimited guarantees for potential damages, should Moscow successfully sue them for an EU plan to lend them to Ukraine.
European Union officials wanted to use Russia’s frozen assets to back a major loan to Ukraine. Unable to overcome opposition, they settled on another way to lend the money.
European Union leaders meet in Brussels on Thursday to decide on using frozen Russian assets for Ukraine's war effort.
Belgium insists on ironclad guarantees from its EU partners to protect against Russian retaliation before backing a massive loan for Ukraine
Hungarian leader Viktor Orban said the EU proposal is ‘dead’ and will be rejected in a vote at the Brussels summit
French President Emmanuel Macron said on Friday it was too early to say whether a one-month delay to decide on an EU trade deal with South America's Mercosur bloc will be enough to meet the conditions set by France,