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    HomeAsiaEU's Costa: we are very close to solution on frozen Russian assets

    EU’s Costa: we are very close to solution on frozen Russian assets

    DUBLIN, Dec ​9 (Reuters) - The European Commission is very close to a solution to ⁠convince a qualified majority of member states on financing for Ukraine, the ‍head of the European Council said ​on Tuesday.

    "We are working on fine-tuning a legal and technical solution that would ​obtain the agreement of all or at least a qualified majority of the member states," Antonio Costa told reporters in a ‌news conference in Dublin, adding he ‌was confident EU leaders would make a decision ​on December 18.

    The European Commission proposed on Wednesday an unprecedented use ‌of frozen Russian assets or international borrowing ⁠to raise 90 billion euros ($104.7 ‌billion) for Ukraine ​to help fund its armed forces and basic services. Belgium, where most ⁠of the frozen ⁠assets are located, opposes the plan.

    ($1 = ​0.8597 euros)

    (Reporting by Conor Humphries and Inti LandauroEditing ‌by Gareth Jones)

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