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European Commission plans ‘reparations loan’ to Ukraine using frozen Russian assets

Leaders focus on bolstering Ukraine’s finances as US-Russia talks to end war make little progress

The European Commission will move ahead with controversial plans to fund Ukraine with a loan based on Russia’s frozen assets, but in a concession to concerns raised by Belgium, which hosts most of the assets, the EU executive has also proposed another option: an EU loan based on common borrowing.

The European Commission president, Ursula von der Leyen, said on Wednesday the two proposals would ensure “Ukraine has the means to defend [itself] and take forward peace negotiations from a position of strength”.

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© Photograph: Reuters

© Photograph: Reuters

© Photograph: Reuters

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Top ex-EU diplomat Federica Mogherini accused of corruption and fraud

Prosecutors say two others also indicted in investigation into funding for school training young diplomats

The EU’s former chief diplomat Federica Mogherini and two other people have been formally accused of fraud and corruption, the European prosecutor’s office has said.

The European Public Prosecutor’s Office (EPPO) did not refer to Mogherini by name, but said the rector of the College of Europe in Bruges – her role – had been formally notified of the accusations. A senior staff member of the college and a senior official from the European Commission were also indicted, the EPPO said, after all three were questioned by Belgian police.

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© Photograph: Luis Cortés/Reuters

© Photograph: Luis Cortés/Reuters

© Photograph: Luis Cortés/Reuters

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