US EditionEU's Dilemma: Seizing Russian Assets to Support Ukraine
The EU aims to fund Ukraine's €135 billion budget gap with a reparations loan backed by frozen Russian assets to avoid heavier fiscal burdens on member states, said Valdis Dombrovskis.
- On Wednesday, Valdis Dombrovskis, European Commissioner for Economy and Productivity, proposed a reparations loan guaranteed by frozen Russian assets in the EU, urging, `It is time that we stop discussing different options and move forward.`
- Earlier this month, the European Commission prepared an options paper outlining funding choices, while Dombrovskis said, `Other options are more costly for the member states, because it's clear that Ukraine is facing debt sustainability issues, so we cannot just go on providing another loan to Ukraine.`
- Facing urgent shortfalls, officials note Ukraine's €135 billion budget hole and Belgium's frozen Russian assets host raise reparations loan concerns, while Dombrovskis warned, `We know from history that appeasement of the aggressor only creates more aggression.`
- Today in Strasbourg, Ursula von der Leyen addressed the European Parliament while Kaja Kallas convened an extraordinary informal video conference of EU foreign ministers, as some EU countries drafted a Kremlin-dismissed ceasefire counterproposal.
- Implication-first: These choices could reshape the EU's fiscal exposure and security posture by linking frozen Russian assets to reparations, amid Russia's threats, while Dombrovskis set red lines on territorial integrity and EU integration.
19 Articles
19 Articles
Russian President Vladimir Putin said that his government is developing mutual measures where the European Union decides to use the value of frozen Russian assets to finance a reparation loan in value of...
Ukraine has asked the European Union to approve a loan backed by frozen Russian funds after Kyiv secured initial approval for a multi-billion dollar loan from the International Monetary Fund...
If the EU goes ahead with its plan to use frozen Russian assets as collateral for a €140 billion interest-free loan to Ukraine, it will be playing with fire. That's the message from Euroclear, the Brussels-based securities firm that manages the lion's share of the frozen assets.
EU's Dilemma: Seizing Russian Assets to Support Ukraine
EU's Dilemma: Seizing Russian Assets to Support Ukraine Monetary support is as crucial to Europe's aid for Ukraine as military and intelligence resources. The European Union's most feasible funding option involves seizing billions in Russian assets—a move initially propelled by a controversial US proposal put forth during Donald Trump's presidency.The proposal intended to use $100 billion in frozen Russian assets for Ukraine's reconstruction, co…
Kaia Kallas, the head of European diplomacy, once again called for the use of frozen Russian funds at a meeting with MEPs from the European People's Party, which caused dissatisfaction among some politicians, writes the newspaper "Euroactiv".
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