Henry Foy
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henryjfoy.ft.com
Henry Foy
@henryjfoy.ft.com
Brussels Bureau Chief, Financial Times.
Past lives in Moscow, Warsaw, London, Delhi and Mumbai.
Get in touch henry.foy@ft.com
https://www.ft.com/henry-foy
Brussels vs Belgium: Commission says that if Belgium won't sign off on a €140bn loan to Ukraine against Russian assets, EU countries will need to find up to €5.6bn a year to service a loan raised on the open market.

@bmoens.bsky.social & I got the document so you don't have to

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EU must pay up to €5.6bn a year in interest if no agreement on Russian assets, Brussels warns
[FREE TO READ] Choices for Ukraine funding set out in commission document drafted after failure to agree plan last month
on.ft.com
November 7, 2025 at 1:13 PM
End of The Line: how Mohammed bin Salman’s utopian city of Neom was undone - by the laws of physics and finance

A brilliance piece of interactive, explainer journalism by @alisonkilling.bsky.social @chriscook.news @samjoiner.bsky.social & the FT visual investigations squad
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End of The Line: how Saudi Arabia’s Neom dream unravelled
Mohammed bin Salman’s utopian city was undone by the laws of physics and finance
ig.ft.com
November 6, 2025 at 7:26 AM
“I don’t want to go down as the commissioner bringing in the Trojan Horses,” EU enlargement head @martakos.ec.europa.eu told @financialtimes.com, floating a “transition period; a kind of probation... we need this discussion and we shouldn’t be afraid of it”

w @bmoens.bsky.social

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New EU members could be put ‘on probation’, says official
[FREE TO READ] Enlargement commissioner Marta Kos says bloc has to prevent Russian ‘Trojan horse’ behaviour from new entrants
on.ft.com
November 4, 2025 at 8:19 AM
The latest US attack on EU climate and human rights legislation - this time in conjunction with Qatar.

Brussels’ CSDDD is under huge pressure both internally and externally

Great scoop from @alicemhancock.bsky.social
October 22, 2025 at 5:31 AM
Trump told Zelenskyy he was losing the war, warning: “If [Putin] wants it, he will destroy you”

The US president threw Ukraine’s battlefield maps to one side & said he was “sick” of seeing the frontline again & again

Scoop w @christopherjm.ft.com @maxseddon.bsky.social & @a-mackinnon.bsky.social
October 19, 2025 at 7:11 PM
Reposted by Henry Foy
Trump gave Putin a red carpet welcome in Alaska. But Putin stuck to his maximalist demands & gave a rambling historical discursion that caused Trump to raise his voice & threaten to walk out.

Read our story @maxseddon.bsky.social @henryjfoy.ft.com @a-mackinnon.bsky.social
www.ft.com/content/7af3...
How Vladimir Putin’s history rant in Alaska nudged Donald Trump closer to Ukraine
Fraught summit in Anchorage marked a nadir that reshaped how the presidents approach each other
www.ft.com
October 17, 2025 at 12:34 PM
Reposted by Henry Foy
What are the US Tomahawk missiles Trump is considering for Ukraine? Why does Kyiv want them? What are the risks and limitations? We spoke to several experts. Read our FT explainer, w/ @henryjfoy.ft.com and Steff Chávez.
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The Tomahawk missiles Trump is considering for Ukraine
[FREE TO READ] The US president has floated selling Kyiv a long-range weapon capable of striking Moscow
on.ft.com
October 16, 2025 at 9:07 AM
💥 EU to double down on green diplomacy efforts and bypass Trump’s White House by working with IS states, NGOs and businesses, under new strategy drawn up by Brussels

New w climate queen @alicemhancock.bsky.social

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EU to bypass Washington and woo US states on green agenda
[FREE TO READ] Brussels plans to work on clean energy and climate action with ‘subnational entities, business and think tanks’
on.ft.com
October 15, 2025 at 5:38 AM
The US has for months helped Ukraine mount long-range strikes on Russian energy facilities, in a co-ordinated effort to weaken Vladimir Putin’s economy and force him to negotiate

Big story from top colleagues @christopherjm.ft.com @maxseddon.bsky.social & @a-mackinnon.bsky.social

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Ukraine hit Russian energy sites with US help
[FREE TO READ] Trump administration has supported Kyiv’s operations since summer in a co-ordinated push to weaken Moscow
on.ft.com
October 12, 2025 at 7:20 AM
The European Commission has full confidence in its Hungarian commissioner after reports he was part of a spying operation targeting the EU executive, a spokesperson told @financialtimes.com, adding president von der Leyen was not aware of the allegations before his appointment

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EU stands by Hungarian commissioner in alleged spying scandal
[FREE TO READ] Olivér Várhelyi accused of being part of covert operation to recruit Hungarians working for European Commission
on.ft.com
October 9, 2025 at 11:17 AM
EU in hot water over cold showers

Europeans are at risk of cold showers after materials critical to hot water tanks weren't included on a list of authorised substances revised by Brussels' green laws

Chilling news from special bathroom appliance corro @alicemhancock.bsky.social

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Europeans risk cold showers in EU red tape snafu
[FREE TO READ] Materials needed for enamelling of hot water tanks is excluded from bloc’s list of authorised substances
on.ft.com
October 9, 2025 at 7:28 AM
💥 Nato allies are discussing more forceful responses to Vladimir Putin’s hybrid war, including by deploying armed drones along the Russian border and lowering the bar on firing at enemy aircraft, officials told @financialtimes.com, in a bid to complicate the Kremlin’s strategy

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Nato weighs armed response to Vladimir Putin’s hybrid war
[FREE TO READ] Defence alliance mulls easing restrictions on pilots to open fire on Russian aircraft
on.ft.com
October 9, 2025 at 6:04 AM
At his current rate he could appoint two or three in that time, surely
The French president could appoint a new prime minister in the next 48 hours, after last-ditch talks between political parties to avoid snap parliamentary elections. on.ft.com/4oa2XfW
October 8, 2025 at 7:58 PM
Meta and Apple are in the final stages of agreeing a deal with European regulators to change a range of business practices to settle antitrust cases with Brussels, as the US Big Tech groups seek to avoid a series of escalating fines.

Great scoop from @bmoens.bsky.social

on.ft.com/4q7W3d1
Meta and Apple close to settling EU antitrust cases
[FREE TO READ] US Big Tech groups in final stages of agreeing deal with Brussels to avoid series of escalating fines
on.ft.com
October 8, 2025 at 10:26 AM
Washington has asked Brussels to scrap requirements for non-EU companies to provide “climate transition plans” and to change supply chain legislation to exclude US companies “with high-quality corporate due diligence”, according to a document seen by @financialtimes.com

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US demands EU dismantle green regulations in threat to trade deal
[FREE TO READ] Washington wants American companies to be exempted from rules such as having to draw up climate transition plans
on.ft.com
October 8, 2025 at 9:54 AM
Since Feb 2022, the Belgian govt has earned billions of tax from Russian assets held at Brussels-based Euroclear

Now the EU wants to loan the cash to Ukraine to save it from bankruptcy, Belgium is resisting & demanding allies put money aside to cover it

That's not gone down well

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EU pressure builds on Belgium to allow use of Russia’s frozen assets
[FREE TO READ] Belgian Prime Minister Bart De Wever insists other capitals should cover financial and legal risks of €140bn loan
on.ft.com
October 8, 2025 at 8:41 AM
Reposted by Henry Foy
[Belgium] has spent three years saying Euroclear is Belgian and so are the benefits,” said one senior EU diplomat involved in talks on the matter. “Now, when it wants to share the risks, it claims Euroclear is European.”
🇧🇪🇪🇺🇺🇸
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EU pressure builds on Belgium to allow use of Russia’s frozen assets
Belgian Prime Minister Bart De Wever insists other capitals should cover financial and legal risks of €140bn loan
on.ft.com
October 8, 2025 at 4:25 AM
Brussels to curb the travel of Russian diplomats within the EU, in response to a surge in sabotage attempts that intelligence agencies say are led by spies operating under diplomatic cover.

Czech-led initiative backed after Hungary drops its veto. With @andybounds.bsky.social

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EU to curb Russian diplomats’ travel as suspected spy attacks mount
[FREE TO READ] Intelligence agencies say sabotage operations are often led by spies posing as diplomats
on.ft.com
October 7, 2025 at 5:35 AM
'Buy European' coming to EU AI

Brussels' draft Apply AI strategy seen by @bmoens.bsky.social & I aims to “strengthen EU AI sovereignty” & push public procurement towards domestic tech

“External dependencies [of AI]...can be weaponised” it warns, by “state and non-state actors”

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EU pushes new AI strategy to reduce tech reliance on US and China
[FREE TO READ] Brussels to unveil plan targeting digital sovereignty as it warns technology can be ‘weaponised’ by geopolitical rivals
on.ft.com
October 5, 2025 at 10:02 AM
Reposted by Henry Foy
The EU wants to reduce its tech reliance on US and China via a new Apply AI strategy, seen by the Financial Times, which promotes digital sovereignty.

The bloc warns AI can otherwise be “weaponised” by rivals.

With @henryjfoy.ft.com

on.ft.com/3WkfSjs
EU pushes new AI strategy to reduce tech reliance on US and China
[FREE TO READ] Brussels to unveil plan targeting digital sovereignty as it warns technology can be ‘weaponised’ by geopolitical rivals
on.ft.com
October 5, 2025 at 5:32 AM
Luxembourg’s Grand Duke Henri abdicates in favour of his son, as 43-year-old Guillaume is sworn in as head of the world’s last remaining grand duchy

Finally some proper reporting from the FT's European Royal Family Correspondent, @bmoens.bsky.social

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Luxembourg’s Grand Duke abdicates in favour of son
[FREE TO READ] 43-year-old Guillaume sworn in as head of world’s last remaining grand duchy
on.ft.com
October 3, 2025 at 9:48 AM
Opposition to the move from capitals that don’t want to reward the oligarch or endorse Russian court rulings could stymie efforts to pass the EU’s next package of sanctions against Moscow

Scoop with @lauramdubois.ft.com & @mjruehl.bsky.social

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EU plans to hand Deripaska-linked assets to Raiffeisen
[FREE TO READ] Some European officials worry lifting sanctions would bolster Russian retaliation against western companies
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October 3, 2025 at 5:40 AM
Zelenskyy speaking at EPC in Copenhagen on drones, Russia and European security.

Spot the Lego flowers he was gifted in the foreground
October 2, 2025 at 8:41 AM
This is a terrific story about a Polish hotel chain offering perks to couples who conceive in its properties in a bid to help the country's dire fertility rate.

But I just can't get past the idea of *this guy* explaining the terms of the offer to excited couples...

on.ft.com/3KC5dhr
October 1, 2025 at 3:44 PM
💥 Russia’s hybrid war “only the beginning,” 🇩🇰 PM Frederiksen warns, calling on Nato to step up to deter Moscow.

As EU leaders arrive for talks in Copenhagen, she tells @richardmilne.ft.com & I: “We need all Europeans to understand what is at stake… the idea is to divide us”

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Russia’s hybrid war is ‘only the beginning’, warns Danish PM
[FREE TO READ] Mette Frederiksen says Nato needs to adjust its response to Russian provocations
on.ft.com
October 1, 2025 at 5:32 AM