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EU Eyes ‘Reparations Loan’ for Ukraine Backed by Frozen Russian Assets

Ukraine would only pay back the reparation loan once it receives compensation from Russia for damage inflicted during the war. The European Union is exploring a plan to channel billions from frozen Russian central bank assets into a new “reparations loan” for Ukraine, aiming to bolster Kyiv’s wartime finances while sidestepping a potential veto from Hungary. Under the proposal, around €210 billion immobilised in Europe — much of it held as cash by Belgian securities depository Euroclear — would be swapped for zero-coupon EU bonds. The proceeds would be lent to Ukraine, with repayment required only if Russia eventually pays war damages. The scheme, championed by European Commission President Ursula von der Leyen, is designed to avoid outright seizure of Russian assets, a legal red line for some member states. If Hungary refuses to participate, officials say a “coalition of the willing” could move ahead independently. Supporters argue the plan could unlock long-term investment potenti...
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Passover 2025: A Celebration of Resilience Amid Challenges

Passover, known as Pesach in Hebrew, is one of the most widely observed Jewish holidays, commemorating the exodus of the ancient Israelites from slavery in Egypt. This year, Passover begins at sunset on Saturday, April 12, and ends after nightfall on Sunday, April 20. It is a time for family reunions, storytelling, and reflection on themes of freedom and resilience.

However, the celebrations this year are shadowed by ongoing anxieties and divisions within Jewish communities. The unresolved Israel-Hamas conflict continues to weigh heavily, with many Seder tables symbolically leaving empty seats for those lost or held hostage. Additionally, the specter of antisemitism looms large, with reports of increased incidents in various countries, including the United States and Canada. Security advisories have been issued to Jewish organizations, highlighting potential threats during this sacred time.

Despite these challenges, Passover remains a beacon of hope and unity. It serves as a reminder of the resilience and strength of the Jewish people, who have faced adversity throughout history and emerged stronger. This year, as families gather to recount the story of the Exodus, the holiday's message of liberation and perseverance resonates more deeply than ever.



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