US EditionEU Weighs New €140 Billion Ukraine Loan Using Russian Assets
The EU plans a €140 billion loan to Ukraine using frozen Russian assets without confiscation, linking repayment to Russian reparations to avoid legal and political risks.
- The European Commission is developing a €45 billion reparation loan to Ukraine using the interest from frozen Russian assets held mainly at Euroclear, announced earlier this month.
- This plan stems from sanctions imposed after Russia's 2022 invasion and aims to mobilize assets without confiscating principal, respecting sovereign immunity and legal constraints.
- The loan would be funded through discount bonds backed by the European Commission and guaranteed by a group of supportive EU countries, with repayment from Ukraine contingent on receiving compensation from Russia, thereby excluding Hungary to avoid its veto.
- The Kremlin labeled the scheme as “theft” and threatened retaliation, while EU officials argue it avoids confiscation and is legally sound, with Urbain warning against damage to Euroclear's reputation.
- If put into action, the plan may establish a new approach for deploying frozen assets to support conflict-related efforts, but its success relies on overcoming legal and political challenges among EU member countries.
10 Articles
10 Articles
The European Commission has for the first time put on the table of the Member States a controversial plan to compensate Ukraine for the Russian invasion. It intends to deliver, as if it were an interest-free loan, EUR 14 billion of Russian assets that are frozen in the EU by sanctions. An amount that Kiev will only have to repay once the Russian war against Ukraine is over, and only if Moscow financially compensates for the damage caused, accord…
Times of Malta
BizTocEU weighs new €140 billion Ukraine loan using Russian assets
European Union countries on Friday were due to kick off discussions on a potential new 140-billion-euro loan for Ukraine funded by frozen Russian central bank assets.The 27-nation bloc is scrambling to come up with ways to keep money flowing to Kyiv as Moscow's invasion drags on through a fourth year and US backing dries up.Focus...
Europe wants to use the frozen Russian assets in order to improve Ukraine. The internal paper of the EU Commission is available to the F.A.Z. However, the central question is only postponed.
How the EU plans to use frozen Russian assets to aid Ukraine without seizing funds
The EU is exploring a plan to turn frozen Russian assets into a reparation loan for Ukraine, bypassing Hungary’s veto, to fund reconstruction and defence amid the ongoing Russia-Ukraine conflict.
‘Once you break it, it’s broken’: Brussels rebuffs calls to seize Russian assets
The director general of the EU executive’s financial services division told MEPs that the proposed “reparation loan” to Ukraine would “mobilise” frozen Russian assets without affecting their “ownership” – and would thus fall short of confiscation
Ricardo Monteiro, CNN Portugal’s commentator, says that these assets could have already been placed in the service of Ukraine.
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
