EU Kallas says if the EU's EUR 90bln loan to Ukraine doesn't work then they will work again on using frozen Russian assets

The EU’s Kallas indicates a contingency plan involving frozen Russian assets if the EUR 90 billion loan to Ukraine does not yield results.

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EU Kallas says if the EU's EUR 90bln loan to Ukraine doesn't work then they will work again on using frozen Russian assets

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Context

This underscores the EU's ongoing geopolitical strategy and could signal increased tensions, impacting risk sentiment across currencies and commodities, particularly in the energy and metals sectors.

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