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EU plans alternative aid for Ukraine

In case of disagreement with the seizure of frozen assets

According to Politico, representatives of European Union countries are developing a backup plan to finance Ukraine if they fail to agree on a scheme to seize frozen Russian assets in favor of Kyiv. Under the alternative scenario, member states plan to allocate funds from their own budgets. Preliminary information suggests that the most likely participants include Germany, Scandinavian and Baltic countries.

Context

Governing countries are already working out the details of implementing the alternative plan and are considering financial mechanisms independently, without attracting external funds.

Summary:

The EU is preparing a backup plan to support Ukraine in case of refusal to sign the agreement on seizing Russian assets.