The European Commission is scrambling to overcome Belgian resistance to a Ukraine reparations loan that would tap immobilised Russian assets—and likely harm any ongoing peace initiatives.
The EU warns that Washington’s solo diplomacy risks sidelining Europe—coinciding with a new U.S. proposal that, reportedly, leans heavily in Moscow’s favour.
As Washington revises its Ukraine peace blueprint and prepares for high-stakes talks in Moscow, European officials say the next few days could prove decisive.
