The US is ready to lead a loan of $50bn to Ukraine repaid by profits from frozen Russian assets if the EU can indefinitely extend sanctions against Moscow, according to a leaked discussion paper.
Washington needs the EU to prolong the bloc’s sanctions on Russian state assets, which expire every six months unless renewed by unanimous consent, until the end of the war to ensure the US is not left on the hook for repayments.
But any such change to the EU regime would require the approval of leaders including Hungary’s Viktor Orbán, who has jealously guarded his regular veto rights over sanctions decisions.
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