Image: Modern DiplomacyHow Two EU Vetoes Are Quietly Handing Russia a Win in the Sanctions War - Modern Diplomacy
• EU foreign ministers met in Wicklow, Ireland, on September 1–2 for an informal “Gymnich” session to address Ukraine's 2027 funding gap. • Sweden, the Netherlands, Spain, and Poland proposed reviving a plan to convert approximately $200 billion in frozen Russian central bank assets, primarily held at Euroclear, into a “reparations loan” for Kyiv. • The initiative aims to secure long-term financial support for Ukraine, though the plan was previously blocked by Belgium in December.
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