Politico: EC plans to use €25 billion more from Russia’s assets to lend to Ukraine
17 October 13:07
The European Commission is planning to give Ukraine 25 billion euros from Russia’s assets placed in private banks in the European Union.
This was reported by the Politico newspaper with reference to the document, "Komersant Ukrainian" reports.
“It is necessary to consider whether the ‘reparations loan’ initiative can be extended to other frozen assets in the EU,” the article says.
The initiative implies that the European Commission wants to provide Kyiv with another “reparations loan” from frozen Russian assets, but this time at the expense of investments in private banks. With these measures, Brussels wants to increase the €140 billion in aid promised to Ukraine in September.
The EU is not unanimous on the allocation of Russian assets to Ukraine
German Chancellor Friedrich Merz proposed to provide Ukraine with a “reparations” loan financed from Russia’s blocked assets. He called for “the use of an effective lever that will destroy the cynical game of the Russian president.”
Later, Belgium outlined “red lines” in the use of frozen Russian assets, including “refusal to support any measures that could be interpreted as asset confiscation” and the provision by EU countries of “legally binding, strictly enforceable guarantees that European countries will share all current and future risks.”
