US EditionEurope’s plan to use $105 billion of frozen Russian assets tantamount to war, says Russia’s Medvedev
The European Commission aims to raise 90 billion euros from frozen Russian assets to cover two-thirds of Ukraine's funding gap, framing it as a repayable loan, not theft.
- On Wednesday the European Commission proposed a Reparations Loan to tap frozen Russian Central Bank assets held by European financial institutions, framing it as a loan linked to future Russian reparations.
- As an EU official noted, the Commission proposed two funding options and suggested borrowing from international markets to support Ukraine, amid ongoing peace talks.
- It plans to unlock 90 billion euros , while Euroclear in Belgium holds most frozen Russian state assets, whose profits have aided Kyiv.
- Dmitry Medvedev warned that using frozen assets could be seen as a `casus belli`, and Russia has previously said it would retaliate while both Russia and the Commission did not immediately respond to CNBC.
- If member states proceed, the plan could win qualified majority approval, while borrowing requires unanimity; Belgium and Hungary oppose further cash transfers, complicating consensus.
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30 Articles
Without the United States, neither Ukrainians nor Europeans can maintain an independent course that protects them from Kiev's unconditional surrender, but the EU can do one thing.
The issue of frozen Russian assets risks tearing the European Union apart. Volodymyr Zelensky has long been demanding that they be used to continue supporting Ukraine against Russia's aggression, but positions within the EU are varied. Hungary and Slovakia, very sensitive to Moscow's positions, oppose the possibility, in particular to finance military assistance, and have threatened to legally block or challenge the EU's plans in this regard.
Xinhua News
Daily FinlandRussia to respond if EU seizes its frozen assets: spokesperson
Russia to respond if EU seizes its frozen assets: spokesperson
The US has put pressure on several countries of the European Union in an attempt to block plans to use frozen Russian assets to support a massive loan to Ukraine. Bloomberg reports it. (ANSA)
Zajárova said there will be a response shortly after it is known that Brussels plans to finance Ukraine in 2026-2027 with options that include the use of frozen Russian assets.
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