US EditionRussian assets most effective way to finance Ukraine, von der Leyen says
- On Thursday, Ursula von der Leyen unveiled three options to support Ukraine as EU finance ministers met in Brussels, reiterating a preference for using immobilised Russian sovereign assets to fund Kyiv.
- The Commission argues the reparations loan, announced in von der Leyen’s State of the Union, would harness €140 billion in Russian assets at Euroclear to fund Ukraine, citing a $65 billion shortfall in 2026–27.
- Supporters including Denmark’s rotating presidency argued the reparations loan is the best way forward, backed by Germany, France and many eastern EU countries, while Bart De Wever, Belgian Prime Minister, refused support without shared risk safeguards.
- Stalled talks last Friday left key technical and risk-sharing issues unresolved as a meeting between Belgian and Commission officials yielded little progress, while Ursula von der Leyen has repeatedly said technical questions remain to assuage Belgian concerns.
- Using assets immobilised shortly after Russia’s 2022 invasion would carry legal and reputational risks, as Belgium fears retaliation and damage to Euroclear’s reputation if frozen Russian central bank assets are repurposed.
42 Articles
42 Articles
The financing of Ukraine with a loan for repairs based on frozen Russian assets is the most "effective" of the three options taken into account by the European Union to help Kiev, told the Chief Executive...
Von der Leyen Proposes Further EU Debt To Save Ukraine
European Commission President Ursula von der Leyen, speaking before the European Parliament on Thursday, November 13th, defended a new package of options to finance Ukraine and acknowledged that the reparations loan plan based on frozen Russian assets could fail. Brussels is scrambling to keep economic and military aid to Kyiv flowing as political will and national budgets across member states begin to run dry.
EU solidarity in action means using Russia’s frozen assets to defend Ukraine
Europe must turn frozen Russian assets into real support for Ukraine through the Reparations Loan, linking aid to reforms that strengthen defence, democracy, and accountability — proving solidarity through decisive action.
The President of the European Commission, Ursula von der Leyen, argued on Thursday that repair loans to support Ukraine using the liquidity of Russian assets frozen in Europe is “the most effective way” to support Kiev, warning that alternatives go through issuing common debt with the Community budget or through bilateral credits with Ukraine. “This is the most effective way to sustain Ukraine’s defence and economy, and the clearest way to make …
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