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EU fails to back frozen Russian cash loan – but vows to support Ukraine

EU fails to back frozen Russian cash loan – but vows to support Ukraine

EU leaders agreed to help support Ukraine’s “financial needs” for the next two years on Thursday night – but stopped short of releasing billions of euros in frozen Russian cash to help fund the country’s defence.

A decision to use €140bn (£122bn) in Russian assets held in a Belgian clearing house was pushed back until December after concerns were raised by Belgium.

The controversial move would be on top of sanctions the block has imposed on Russia – the latest on Thursday targeting the Kremlin’s oil revenues.

The Brussels meeting came ahead of a London summit on Friday, where Prime Minister Sir Keir Starmer will urge European leaders to boost long-range missile supplies to Kyiv.

Ukrainian President Volodymyr Zelensky is set to attend the meeting of the so-called “coalition of the willing”, along with Nato Secretary General Mark Rutte, Denmark’s Prime Minister Mette Frederiksen and Netherlands’ Dick Schoof. Other leaders including French President Emmanuel Macron will join virtually.

On Thursday, European ministers held talks in Brussels about how billions of euros worth of frozen Russian cash could be made available to Ukraine as a so-called “reparations loan”.

Many EU governments had hoped the leaders would back the plan and request the European Commission, the EU’s executive body, to work out a formal legal proposal in the coming weeks.

But the final text, adopted after marathon talks, stopped short of greenlighting plans. Instead, it asked the Commission for “options for financial support based on an assessment of Ukraine’s financing needs”.

“Russia’s assets should remain immobilised until Russia ceases its war of aggression against Ukraine and compensates it for the damage caused by its war,” the declaration added.

The aim is now for EU leaders to reach a deal in December.

“This is a topic that is certainly not trivial. It’s very complex,” European Commission President Ursula von der Leyen said after the summit. “It was also very clear there are points to be clarified.”

Antonio Costa, European Council President, sounded a positive note, saying the bloc had “committed to ensure that Ukraine’s financial needs will be covered for the next two years”.

“Russia should take good note of this: Ukraine will have the financial resources it needs to defend itself,” he told a news conference.

Zelensky, who was in Brussels for the summit, welcomed the outcome as a signal of “political support” for the notion of using Russian assets to keep Kyiv in the fight.

There are a number of legal complexities surrounding using Russia’s money.

Belgium, in particular, has been reluctant to back using the frozen assets, as it is nervous about having to shoulder any potential consequences should Russia legally challenge Euroclear, the clearing house where the money is located.

Belgian Prime Minister Bart De Wever said his country needed concrete and solid guarantees before supporting the plan, pointing out the plan was “unchartered territory”.

The Belgian government has argued it could expose Euroclear to litigation and ultimately create a major financial crisis.

“Can this (plan) be legal? That is a very good question … There are no clear answers,” De Wever said.

“We will in any case be buried in litigation. That seems like a certainty.”

Russia has criticised the EU’s proposals.

“Any confiscatory initiatives from Brussels will inevitably result in a painful response,” said Russian foreign ministry spokeswoman Maria Zakharova.

The EU’s latest sanctions followed US measures against Russia’s oil industry – the first time Donald Trump has sanctioned Moscow as he grows frustrated over Vladimir Putin’s refusal to end the war.

After the US sanctions were announced on Wednesday evening, Trump confirmed that a planned meeting with the Russian president in Budapest had been shelved indefinitely.

“Every time I speak to Vladimir, I have good conversations and then they don’t go anywhere,” he said.

The US sanctions targeted Russia’s oil giants Rosneft and Lukoil. In response, Putin said the “unfriendly” US measures “will have certain consequences, but they will not significantly affect our economic well-being”.

Oil is one of Russia’s biggest exports. Ukraine wants to use long-range missiles to target Russian oil and energy plants.

Zelensky had hoped to secure Tomahawk cruise missiles from the US but last week Trump refused the request because the weapons are “highly complex” and take a year of intense training to use.

The EU’s latest punitive measures against Russia targeted three Chinese businesses, including two oil refineries and an energy trader, that are “significant buyers of Russian crude oil”.

The measures are “meant to deprive Russia of the means to fund this war,” said Kallas as well as send a message, specifically that “Russia can’t outlast us,” she said.

China condemned the decision, which a commerce ministry spokesperson said “seriously undermined the overall framework of China–EU economic and trade co-operation”.

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Students at an Oklahoma high school crowned their principal prom king after he charged, disarmed and was shot by an armed intruder at their campus.

Kirk Moore, the Pauls Valley high school principal, received the honor on Friday night after his students voted to honor him for having defended them.

“Ladies and gentlemen, our king,” an announcer declared at the Pauls Valley high school prom.

Video of the scene showed students cheering and celebrating as Moore received the honor, with a couple high-fiving him in congratulations. One clip showed him walking in to sound of the Nickelback song Hero, the hit theme of the 2002 film Spider-Man.

Right after someone put a crown on Moore’s head, part of the song’s chorus blared on the video: “And they say that a hero can save us / I’m not going to stand here and wait.”

The jubilant moment punctuated a sequence of events that began with the attack in which Moore intervened at about 2.30pm on 7 April at Moore’s school about 60 miles (96.6km) south of Oklahoma City, a sworn police document states.

According to investigators, the alleged attacker, Victor Lee Hawkins, had two semi-automatic handguns and fired several shots before he was disarmed by Moore and another school staff member who arrived to help. School surveillance video captured the intrusion.

Hawkins “entered the school, pointed his pistol, and yelled for everyone to get on the ground”, special agent Meric Mussett of the Oklahoma state bureau of investigation wrote in the sworn police statement.

The statement added that the alleged shooter pointed the gun at a female student in the lobby and pulled the trigger, but the weapon malfunctioned.

“Hawkins then stepped out from behind the vending machine and pointed his gun at a male student in the foyer,” Mussett’s statement said. “Principal Moore then came out of his office and charged at Hawkins.”

Moore was shot in the leg as he wrestled the attacker, a 20-year-old described in court documents as being obsessed with the 1999 shooting at Colorado’s Columbine high school in which 12 students and one teacher were killed.

Authorities praised Moore’s actions, saying he prevented a tragedy and possible mass shooting at his school.

“It doesn’t surprise me the actions that he took, but it is amazing, the actions that he took,” Don May, Pauls Valley’s police department chief, told NBC News. “There’s not a doubt in my mind that he saved kids’ lives.”

Investigators said the alleged attacker was a former Pauls Valley high school student.

Moore said in a statement reported by NBC that he was grateful for “an outpouring of love and support” after the attack that he thwarted.

“Like so many educators around the country, we prepare for these events through training and careful assessment of the threats,” Moore said. “I am grateful that my instincts and training, as well as God’s hand, were available to me.”

#Oklahoma #principal #disarmed #gunwielding #intruder #crowned #prom #king">Oklahoma principal who disarmed gun-wielding intruder crowned prom kingStudents at an Oklahoma high school crowned their principal prom king after he charged, disarmed and was shot by an armed intruder at their campus.Kirk Moore, the Pauls Valley high school principal, received the honor on Friday night after his students voted to honor him for having defended them.“Ladies and gentlemen, our king,” an announcer declared at the Pauls Valley high school prom.Video of the scene showed students cheering and celebrating as Moore received the honor, with a couple high-fiving him in congratulations. One clip showed him walking in to sound of the Nickelback song Hero, the hit theme of the 2002 film Spider-Man.Right after someone put a crown on Moore’s head, part of the song’s chorus blared on the video: “And they say that a hero can save us / I’m not going to stand here and wait.”The jubilant moment punctuated a sequence of events that began with the attack in which Moore intervened at about 2.30pm on 7 April at Moore’s school about 60 miles (96.6km) south of Oklahoma City, a sworn police document states.According to investigators, the alleged attacker, Victor Lee Hawkins, had two semi-automatic handguns and fired several shots before he was disarmed by Moore and another school staff member who arrived to help. School surveillance video captured the intrusion.Hawkins “entered the school, pointed his pistol, and yelled for everyone to get on the ground”, special agent Meric Mussett of the Oklahoma state bureau of investigation wrote in the sworn police statement.The statement added that the alleged shooter pointed the gun at a female student in the lobby and pulled the trigger, but the weapon malfunctioned.“Hawkins then stepped out from behind the vending machine and pointed his gun at a male student in the foyer,” Mussett’s statement said. “Principal Moore then came out of his office and charged at Hawkins.”Moore was shot in the leg as he wrestled the attacker, a 20-year-old described in court documents as being obsessed with the 1999 shooting at Colorado’s Columbine high school in which 12 students and one teacher were killed.Authorities praised Moore’s actions, saying he prevented a tragedy and possible mass shooting at his school.“It doesn’t surprise me the actions that he took, but it is amazing, the actions that he took,” Don May, Pauls Valley’s police department chief, told NBC News. “There’s not a doubt in my mind that he saved kids’ lives.”Investigators said the alleged attacker was a former Pauls Valley high school student.Moore said in a statement reported by NBC that he was grateful for “an outpouring of love and support” after the attack that he thwarted.“Like so many educators around the country, we prepare for these events through training and careful assessment of the threats,” Moore said. “I am grateful that my instincts and training, as well as God’s hand, were available to me.”#Oklahoma #principal #disarmed #gunwielding #intruder #crowned #prom #king

he charged, disarmed and was shot by an armed intruder at their campus.

Kirk Moore, the Pauls Valley high school principal, received the honor on Friday night after his students voted to honor him for having defended them.

“Ladies and gentlemen, our king,” an announcer declared at the Pauls Valley high school prom.

Video of the scene showed students cheering and celebrating as Moore received the honor, with a couple high-fiving him in congratulations. One clip showed him walking in to sound of the Nickelback song Hero, the hit theme of the 2002 film Spider-Man.

Right after someone put a crown on Moore’s head, part of the song’s chorus blared on the video: “And they say that a hero can save us / I’m not going to stand here and wait.”

The jubilant moment punctuated a sequence of events that began with the attack in which Moore intervened at about 2.30pm on 7 April at Moore’s school about 60 miles (96.6km) south of Oklahoma City, a sworn police document states.

According to investigators, the alleged attacker, Victor Lee Hawkins, had two semi-automatic handguns and fired several shots before he was disarmed by Moore and another school staff member who arrived to help. School surveillance video captured the intrusion.

Hawkins “entered the school, pointed his pistol, and yelled for everyone to get on the ground”, special agent Meric Mussett of the Oklahoma state bureau of investigation wrote in the sworn police statement.

The statement added that the alleged shooter pointed the gun at a female student in the lobby and pulled the trigger, but the weapon malfunctioned.

“Hawkins then stepped out from behind the vending machine and pointed his gun at a male student in the foyer,” Mussett’s statement said. “Principal Moore then came out of his office and charged at Hawkins.”

Moore was shot in the leg as he wrestled the attacker, a 20-year-old described in court documents as being obsessed with the 1999 shooting at Colorado’s Columbine high school in which 12 students and one teacher were killed.

Authorities praised Moore’s actions, saying he prevented a tragedy and possible mass shooting at his school.

“It doesn’t surprise me the actions that he took, but it is amazing, the actions that he took,” Don May, Pauls Valley’s police department chief, told NBC News. “There’s not a doubt in my mind that he saved kids’ lives.”

Investigators said the alleged attacker was a former Pauls Valley high school student.

Moore said in a statement reported by NBC that he was grateful for “an outpouring of love and support” after the attack that he thwarted.

“Like so many educators around the country, we prepare for these events through training and careful assessment of the threats,” Moore said. “I am grateful that my instincts and training, as well as God’s hand, were available to me.”

#Oklahoma #principal #disarmed #gunwielding #intruder #crowned #prom #king">Oklahoma principal who disarmed gun-wielding intruder crowned prom king

Students at an Oklahoma high school crowned their principal prom king after he charged, disarmed and was shot by an armed intruder at their campus.

Kirk Moore, the Pauls Valley high school principal, received the honor on Friday night after his students voted to honor him for having defended them.

“Ladies and gentlemen, our king,” an announcer declared at the Pauls Valley high school prom.

Video of the scene showed students cheering and celebrating as Moore received the honor, with a couple high-fiving him in congratulations. One clip showed him walking in to sound of the Nickelback song Hero, the hit theme of the 2002 film Spider-Man.

Right after someone put a crown on Moore’s head, part of the song’s chorus blared on the video: “And they say that a hero can save us / I’m not going to stand here and wait.”

The jubilant moment punctuated a sequence of events that began with the attack in which Moore intervened at about 2.30pm on 7 April at Moore’s school about 60 miles (96.6km) south of Oklahoma City, a sworn police document states.

According to investigators, the alleged attacker, Victor Lee Hawkins, had two semi-automatic handguns and fired several shots before he was disarmed by Moore and another school staff member who arrived to help. School surveillance video captured the intrusion.

Hawkins “entered the school, pointed his pistol, and yelled for everyone to get on the ground”, special agent Meric Mussett of the Oklahoma state bureau of investigation wrote in the sworn police statement.

The statement added that the alleged shooter pointed the gun at a female student in the lobby and pulled the trigger, but the weapon malfunctioned.

“Hawkins then stepped out from behind the vending machine and pointed his gun at a male student in the foyer,” Mussett’s statement said. “Principal Moore then came out of his office and charged at Hawkins.”

Moore was shot in the leg as he wrestled the attacker, a 20-year-old described in court documents as being obsessed with the 1999 shooting at Colorado’s Columbine high school in which 12 students and one teacher were killed.

Authorities praised Moore’s actions, saying he prevented a tragedy and possible mass shooting at his school.

“It doesn’t surprise me the actions that he took, but it is amazing, the actions that he took,” Don May, Pauls Valley’s police department chief, told NBC News. “There’s not a doubt in my mind that he saved kids’ lives.”

Investigators said the alleged attacker was a former Pauls Valley high school student.

Moore said in a statement reported by NBC that he was grateful for “an outpouring of love and support” after the attack that he thwarted.

“Like so many educators around the country, we prepare for these events through training and careful assessment of the threats,” Moore said. “I am grateful that my instincts and training, as well as God’s hand, were available to me.”

#Oklahoma #principal #disarmed #gunwielding #intruder #crowned #prom #king

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