World
EU leaders agree joint borrowing to fund Ukraine, setting aside plan to use Russian frozen assets
European Union leaders decided on Friday to borrow cash to fund Ukraine’s defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.
“Today we approved a decision to provide 90 billion euros to Ukraine,” EU summit chairman Antonio Costa told a news conference early on Friday morning after hours of talks among the leaders in Brussels, Reuters reported. “As a matter of urgency, we will provide a loan backed by the European Union budget.”
The leaders also gave the European Commission a mandate to keep working on a so-called reparations loan based on Russian immobilised assets but that option proved unworkable for now, above all due to resistance from Belgium, where the bulk of the assets is held.
The idea of EU borrowing initially seemed unworkable as it requires unanimity and Hungary’s Russia-friendly Prime Minister Viktor Orban had opposed it. But Hungary, Slovakia and the Czech Republic agreed to let the scheme go ahead as long as it did not impact them financially.
The EU leaders said Russian assets, totalling 210 billion euros in the EU, will remain frozen until Moscow pays war reparations to Ukraine. If Moscow ever takes such a step, Ukraine could then use they money to pay back the loan.
USE OF RUSSIAN ASSETS TO COMPLEX AT THIS STAGE
“This is good news for Ukraine and bad news for Russia and this was our intention,” German Chancellor Friedrich Merz said.
The stakes for finding money for Kyiv were high because without the EU’s financial help, Ukraine would run out of money in the second quarter of next year and most likely lose the war to Russia, which the EU fears would bring closer the threat of Russian aggression against the bloc.
The decision follows hours of discussions among leaders on the technical details of an unprecedented loan based on the frozen Russian assets, which turned out to be too complex or politically demanding to resolve at this stage.
The main difficulty was providing Belgium, where 185 billion euros of the total Russian assets in Europe are held, with sufficient guarantees against financial and legal risks from potential Russian retaliation for the release of the money to Ukraine.
“There were so many questions on the Reparations Loan, we had to go to Plan B. Rationality has prevailed,” Belgian Prime Minister Bart De Wever told a news conference. “The EU has avoided chaos and division and remained united,” he said.
HUNGARY SCORES A WIN
With public finances across the EU already strained by high debt levels, the European Commission had proposed using the Russian assets for a loan to Kyiv or joint borrowing against the EU budget.
Using the latter option allowed Orban to claim a diplomatic victory.
“Orban got what he wanted: no reparation loan. And EU action without participation of Hungary, Czech Republic and Slovakia,” one EU diplomat said.
‘CAN’T AFFORD TO FAIL’
Several EU leaders arriving at the summit said it was imperative they find a solution to keep Ukraine financed and fighting for the next two years. They were also keen to show European countries’ strength and resolve after U.S. President Donald Trump last week called them “weak”.
“We just can’t afford to fail,” EU foreign policy chief Kaja Kallas said.
Ukrainian President Volodymyr Zelenskiy, who took part in the summit, urged the bloc to agree to use the Russian assets to provide the funds he said would allow Ukraine to keep fighting.
“The decision now on the table – the decision to fully use Russian assets to defend against Russian aggression – is one of the clearest and most morally justified decisions that could ever be made,” he said.
World
Turkey’s Erdogan offers support to Trump in call after White House dinner shooting
Turkish President Tayyip Erdogan offered his support for U.S. President Donald Trump in a phone call following a shooting at the White House Correspondents’ Association dinner, the Turkish presidency said late on Sunday.
“Erdogan said he saw the incident as a heinous act against democracy and press freedom,” the presidency said in a statement on X, Reuters reported.
Earlier, Erdogan had condemned the incident in a separate statement on X, saying he was happy that Trump and first lady Melania Trump were unharmed.
World
Trump safe after shooting at White House correspondents dinner, suspect in custody
President Donald Trump and first lady Melania Trump were rushed out of the White House Correspondents’ Association dinner by Secret Service agents on Saturday night after a man armed with a shotgun tried to breach security, officials said.
The armed man fired at a Secret Service agent, an FBI official told Reuters. The agent was hit in an area covered by protective gear and not harmed, the official said.
All federal officials, including Trump, were safe. About an hour after Trump was rushed from the event, he posted on Truth Social that a “shooter had been apprehended.”
“Quite an evening in D.C. Secret Service and Law Enforcement did a fantastic job,” Trump added.
‘GET DOWN, GET DOWN!’
Shortly afterwards, he posted, “The First Lady, plus the Vice President, and all Cabinet members, are in perfect condition.” He said he would be holding a White House press conference on Saturday night.
Anthony Guglielmi, a Secret Service spokesman, said the service was investigating a shooting near the main screening area at the entrance to the event.
After the sound of shots, dinner attendees immediately stopped talking and people started screaming “Get down, get down!” Many of the 2,600 attendees took cover while waiters fled to the front of the dining hall.
Security agents pushed cabinet officials to the ground, including Secretary of State Marco Rubio, Health Secretary Robert F. Kennedy Jr., and Interior Secretary Doug Burgum.
Other security personnel in combat fatigues stormed the stage and evacuated Trump and his wife. Some security personnel took up position on the stage, pointing their rifles into the ballroom. Cabinet members were then evacuated from the venue one by one.
Trump and the first lady bent down behind the dais before being hustled out by Secret Service officers. Trump stayed backstage about one hour, a source told Reuters. “We are staying,” he was overheard saying, the source said.
The event eventually was canceled for the evening. Trump posted on social media that he hoped it could be rescheduled in 30 days.
Saturday was the first time Trump has attended the correspondents’ dinner as president.
He was the subject of two assassination attempts in 2024, after he left the White House in 2021 and while he was campaigning for reelection.
The most serious occurred while Trump was campaigning at an outdoor rally in Butler, Pennsylvania, in July 2024. Trump was shot and wounded in his upper ear by a 20-year-old gunman. The gunman was shot dead by security personnel.
Just over two months after the Butler shooting, Secret Service agents spotted a man wielding a gun and hiding in bushes at the Trump International Golf Club in West Palm Beach, Florida, while Trump was on the course. It was deemed an assassination attempt and the suspect was sentenced to life in prison in February.
The site of Saturday’s dinner, the Washington Hilton, was the scene of an attempt on the life of President Ronald Reagan, who was shot and wounded by a would-be assassin outside the hotel in 1981.
World
Palestinian local elections give some Gazans a chance to vote for the first time in years
Palestinians were voting in local elections on Saturday that include Gaza for the first time in two decades and will gauge the political mood at a time when Israel’s government is seeking to destroy any future for a Palestinian state.
The West Bank-based Palestinian Authority hopes the symbolic inclusion of the Gazan city of Deir al-Balah will help reinforce its claim to authority over the war-torn territory, from where it was ousted by Hamas in 2007, Reuters reported.
Gazans, who are still struggling to meet their basic needs in the devastated enclave, welcomed the opportunity to vote.
“I’ve been hearing about elections since I was born,” said Adham Al-Bardini, sitting next to the family’s cooking pots outside their tent home in the city. “We are eager to take part … so we can change the reality imposed on us.”
ISRAEL HAS EXTENDED CONTROL OVER GAZA AND WEST BANK
Since a U.S.-brokered ceasefire in Gaza between Hamas and Israel took effect in October, intermittent talks led by the United States have made little progress towards a settlement that envisages international supervision of Gaza.
European and Arab governments broadly support an eventual return of Palestinian Authority governance in Gaza, and the establishment of an independent Palestinian state comprising Gaza, East Jerusalem and the West Bank, where the Palestinian Authority exercises limited self-rule under Israeli occupation.
Western diplomats say local elections could pave the way for the first national elections in nearly two decades and help advance reforms to increase transparency and accountability that the Palestinian Authority says are already well under way.
They are the first Palestinian elections to be held since the Gaza war started more than two years ago with the cross-border Hamas assault on southern Israeli communities. Municipal elections were last held in the West Bank four years ago.
The Palestinian Authority has struggled to pay wages as Israel withholds tax revenues it collects on its behalf, raising fears of economic collapse. Israel justifies withholding the funds in protest at welfare payments to prisoners and families of those killed by its forces, which it argues incentivise attacks.
The Israeli government has also taken steps to help settlers acquire West Bank land and ultranationalist Finance Minister Bezalel Smotrich has said, “We will continue to kill the idea of a Palestinian state.”
In Deir al-Balah, which has suffered less damage from Israel’s assault since 2023 than other Gazan cities, banners bearing candidate lists hang from buildings. Some voting will take place in tents and the process will end two hours early due to electricity constraints.
The Palestinian election committee cited widespread destruction among the reasons voting could not be held across the rest of Gaza, more than half of which is controlled by Israel with the rest under Hamas rule.
HAMAS BOYCOTTS VOTE BUT SOME CANDIDATES ARE ALIGNED
Some Palestinian factions are boycotting the elections in protest at the Palestinian Authority’s request that candidates back its agreements, which include recognition of the state of Israel.
Hamas, which has ruled Gaza for nearly two decades, has not formally nominated any candidates but one list in the Deir al-Balah election is widely viewed by residents and analysts as aligned with it.
Analysts say the performance of candidates linked to the militant group could gauge its popularity. Most candidates, including in the West Bank, are running under Fatah, the main political movement behind the Palestinian Authority, or as independents.
Hamas has said it would respect the results, and Palestinian sources told Reuters ahead of the vote that the group’s civil policemen would be deployed to safeguard polling stations in Gaza.
The Palestinian Central Elections Committee said more than one million Palestinians, including 70,000 in Gaza, are eligible to vote, with results expected late on Saturday or on Sunday.
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