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Reparations loan for Ukraine: Who's in favour and who's against?
The European Union's bold attempt to issue a reparations loan to Ukraine using immobilised Russian assets has sharply divided the bloc's key leaders. Ahead of a crucial summit, Euronews breaks down who's in favour and who's against.
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Europe News
EU enters crucial week marred by uncertainty for the 27-member bloc
The EU faces three key issues this week: Ukraine peace talks and making sure Europe gets a say at Trump's table, an unprecedented financial operation to issue a reparations loan facing retaliation from Moscow, and getting the Mercosur deal done. The end result of any of the three is unclear.
Europe News
Reparations loan under 'pressure from different sides', Kallas says
The reparations loan for Ukraine is in doubt after Italy, Bulgaria, Malta and the Czech Republic joined the Belgian opposition and called for "alternative solutions". EU leaders will gather on Thursday to decide how to meet Kyiv's financial and military needs for the next two years.
Europe News
EU agrees to indefinitely immobilise €210 billion of Russian assets
The EU has decided to keep the assets of the Russian Central Bank immobilised for the foreseeable future. The ban, which is based on a provision for economic emergencies, pushes back against external attempts to release the €210 billion in assets before Ukraine is compensated.
Europe News
Doubts grow over reparations loan for Ukraine as final deadline nears
The push to approve the reparations loan for Ukraine has entered the final stretch ahead of an EU leaders' summit on 18 December. Belgium continues to oppose the proposal, while Hungary rejects the Plan B of joint debt. Ursula von der Leyen has warned there are "no easy options".
Europe News
Reparations loan is 'very fragile' and risky, Euroclear warns
Euroclear, the custodian of the immobilised Russian assets, has criticised the reparations loan for Ukraine as fragile, unpredictable and risky. In Brussels, the German chancellor holds a crisis meeting with the Belgian prime minister to find a compromise and break the deadlock on the proposal.
Europe News
With reparations loan for Ukraine, the EU defies both Putin and Trump
The European Union is defying external pressure from Washington and Moscow to get a seat at the table by leveraging the immobilised Russian assets held in its jurisdiction. The move is bold, but carries many questions.
Europe News
Von der Leyen pushes ahead with reparations loan as Belgium holds firm
Ursula von der Leyen has offered sweeping guarantees for Belgium to agree to an unprecedented reparations loan for Ukraine. Belgian authorities say risks could be fatal. EU leaders will gather on 18 December to make a final decision. If no deal is found, the EU will resort to joint debt.
The “reparations loan” for Ukraine is a proposed €140 billion EU-backed loan using Russia’s immobilised assets to provide much-needed funding through 2026–27, with repayment contingent on Moscow ending its war of aggression and accepting compensation.