US EditionEU Leaders Consider Using Seized Russian Assets to Fund a Loan to Ukraine
The European Commission aims to provide Ukraine with a €140 billion loan using frozen Russian assets as collateral, repayable only after Russia compensates for war damages, to support Kyiv through 2026-2027.
- Finnish Prime Minister Petteri Orpo and Swedish Prime Minister Ulf Kristersson proposed using frozen Russian assets to fund a loan for Ukraine, warning about a funding need of €130 billion by 2027.
- The plan links loan repayment to future Russian war reparations. Orpo emphasized that supporting Ukraine is a moral obligation and crucial for European security.
- Several European leaders, including Estonian Prime Minister Kristen Michal and French President Emmanuel Macron, expressed support for the proposal, despite some legal concerns.
- The Kremlin condemned the scheme as 'pure theft' and warned of consequences for countries involved in misappropriating Russian assets.
97 Articles
97 Articles
The European Commission wants to break Putin's piggy bank for new billions in aid to Ukraine. But Belgian Prime Minister Bart De Wever warned his fellow leaders during an EU summit in Copenhagen about potential mega-risks. "They could steal factories from European companies."
Belgium Pours Cold Water on EU Plan to Use Russian Frozen Assets
The European Union’s bid to unlock funding for Ukraine from frozen Russian central bank assets faced resistance as Belgium raised legal questions about the plan to raise financing from up to €185 billion ($217 billion) held on its territory.
Belgium says EU leaders must share risk to use frozen Russian assets for Ukraine
COPENHAGEN (Reuters) -Belgium’s Prime Minister Bart De Wever said on Thursday he asked other European Union leaders to give guarantees they would share the risks if frozen Russian assets held in his country were used to finance loans to Ukraine. At a summit in Copenhagen on Wednesday, EU leaders expressed broad support for the idea of using Russian assets frozen in the West to provide a 140 billion euro loan to Ukraine but said they would discus…
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