Four EU states call for alternative to loan to Ukraine at the expense of Russian assets
13 December 2025 10:12
Italy, Bulgaria, and Malta have joined Belgium’s calls for alternatives to the scheme to provide Ukraine with a loan from frozen Russian assets, which threatens to derail EU plans to approve the so-called “reparations loan” at a crucial summit next week.
This became known to Euractiv from a joint statement of the states, "Komersant Ukrainian" writes.
The four countries said they support the proposal to freeze Moscow’s sovereign wealth funds held in the EU indefinitely, but warned that this step should not “prevent” any potential use of these funds to support Kyiv’s military efforts.
The countries also invited “the Commission and the Council to continue exploring and discussing alternative options, in accordance with EU and international law, with foreseeable parameters that pose significantly lower risks, to meet Ukraine’s financial needs on the basis of an EU credit line or temporary solutions to ensure continuity of support before any of the proposed options can effectively come into force.”
As a reminder, on December 12, the European Union ambassadors decided to freeze Russian assets in Europe indefinitely.
