EU proposes using frozen Russian assets or borrowing to give Ukraine 90 bln euros [View all]
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/
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