Europe has left Ukraine living on borrowed time
Russia started the war on Ukraine, so Russia should pay for the damage it has wrought. Such was Volodymyr Zelensky’s forceful message to European leaders last night as he pleaded for a ‘reparations loan’ backed by the €190 billion (£167 billion) of Russian Central Bank capital frozen in a Belgian clearing bank since Putin’s full-scale invasion. ‘Just as authorities confiscate money from drug traffickers and seize weapons from terrorists, Russian assets must be used to defend against Russian aggression and rebuild what was destroyed by Russian attacks,’ Zelensky told his European allies. ‘It’s moral. It’s fair. It’s legal.’ But after negotiations that went late into the night, Europe ultimately shied