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The reparations loan for Ukraine is fiercely resisted by Belgium, the prime custodian of the Russian assets needed to fund it, while the back-up option of joint debt requires unanimity – and Hungary has already said no.
Responding to a question from Euronews, the Ukrainian leader said Europe’s commitment to assist Ukraine in case of a future Russian attack cannot replace the US security guarantees for Ukraine. For Kyiv these are “different things” and how Russia is trying to “exclude” the EU from it, he explained.
Proponents argue the agreement would provide an alternative to Beijing's export controls and Washington's tariff policies. Critics warn it would weaken environmental regulations and damage the EU's agricultural sector.
A meeting between the border representatives of Estonia and Russia was planned for Thursday, at which Estonia was expected to make a statement on the incursion.
