EU proposes using frozen Russian assets or borrowing to give Ukraine 90 bln euros

[GJGCA]

Source: Reuters

Belgium has demanded that other EU countries guarantee they will cover all legal costs arising from any Russian lawsuits against the scheme. It also wants them to guarantee they would help provide money quickly to pay Russia back if a court ever ruled Moscow must be refunded.

The European Commission proposed on Wednesday an unprecedented use of frozen Russian assets or international borrowing to raise 90 billion euros ($105 billion) for Ukraine to cover its struggling military and basic services against Russia's war.
The European Union's executive body has declared it favours a "reparations loan" using Russian state assets immobilised in the EU due to Russia's invasion of Ukraine.

But Belgium, which holds most of the assets and has voiced a range of legal concerns, is not convinced by the proposal.

Read more: https://www.reuters.com/business/european-commission-move-ahead-with-proposal-use-russias-frozen-assets-ukraine-2025-12-02/

[Fla Dem]

1. Sounds good to me!

[SSJVegeta]

2. Federalize

[GJGCA]

3. Some background: Euroclear in Belgium

Euroclear Bank has been under the spotlight since late February 2022 because it is where most reserves of the Bank of Russia are deposited, immobilized in the context of international sanctions during the Russo-Ukrainian War.

Euroclear holds about €200 billion of Russian central bank reserves. In March 2025, Euroclear was authorised by Belgium, its principal legal authority, to make payouts from the frozen assets. In 2024, interest from investing the frozen Russian funds came to €4 billion, which was earmarked to fund a G7 loan to Ukraine.

https://en.wikipedia.org/wiki/Euroclear

[erronis]

4. Just don't let any part of the US financial system get near those funds.

We all know that there are lots of vultures expecting to feed off the spoils.

Ukraine desperately needs support from non-US gov't entities.

[Bayard]

5. What's this, "loan," business?

Russia owes Ukraine reparations for invading and destroying their country. It owes them billions for the Ukrainian people who have been needlessly killed for Putin's greed and ego. End of story. Full stop.

And paying Russia if they win a lawsuit? What court, (except maybe our Supremes,) would award them anything? Its ludicrous. Ukraine should start a lawsuit now to guarantee they are paid these funds for the mayhem and heartbreak Russia has caused. They will never pay up otherwise.

[SunSeeker]

6. Do it! Come on Belgium!

Do the right thing. Save Ukraine from Putin!

[ananda]

7. Just do it.

Make it happen now.