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Showing posts with the label European commission

Defiant Zelenskyy Rejects U.S. Pressure to Cede Territory, Rallies European Support

ROME — Ukrainian President Volodymyr Zelenskyy has issued a firm rejection of mounting pressure from the United States to cede territory to Russia as a pathway to peace, declaring that Ukraine has "no moral right" to surrender any of its land as he intensifies diplomatic efforts to secure unwavering support from European allies. The Ukrainian leader's defiant stance comes amid sustained lobbying from Washington. In an interview with Politico published Tuesday, U.S. President Donald Trump again pressed Zelenskyy to accept a proposal requiring Ukraine to relinquish control of the Donbas region. Trump argued that Russia holds the "upper hand" and that Ukraine must "play ball," claiming other unnamed Ukrainian officials "loved the proposal." In response, Zelenskyy, speaking via WhatsApp to journalists, was unequivocal: "Undoubtedly, Russia insists for us to give up territories. We, clearly, don’t want to give up anyt...

EU Proposes Using Frozen Russian Assets to Raise €90 Billion Loan for Ukraine

The European Commission has proposed an unprecedented plan to raise €90 billion for Ukraine over the next two years by either using frozen Russian state assets as collateral for a "reparations loan" or by borrowing on international markets, according to a Reuters report. The European Union's executive arm has put forward a landmark proposal to fund Ukraine's military and essential services by leveraging assets frozen from Russia. The plan, detailed by Reuters on Wednesday, outlines two options: securing a "reparations loan" using immobilized Russian state assets as collateral, or borrowing against the EU budget. European Commission President Ursula von der Leyen stated the €90 billion fund would cover roughly two-thirds of Ukraine's financing needs for 2026 and 2027. "Since pressure is the only language the Kremlin responds to, we can also dial it up," she told reporters. The proposal faces significant hurdle...