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Europe News
ECB declines to provide emergency liquidity for Ukraine loan
The latest effort to support Ukraine with immobilised Russian assets has suffered a new setback at the hands of the European Central Bank, which warned that the plan would violate EU treaties and undermine the institution's independence.
Europe News
Reparations loan won't derail peace process, Kallas tells Belgian PM
The reparations loan for Ukraine will prove to Washington that Europe is taking "very credible" steps to end Russia's war, High Representative Kaja Kallas said on Monday. It comes after the Belgian prime minister warned that the unprecedented proposal risked derailing the diplomatic process.
Europe News
EU weighs Plan B for Ukraine as Belgium raises bar on reparations loan
Belgian Prime Minister De Wever lashed out at plans for a reparations loan in a strongly worded letter to Ursula von der Leyen, calling it dangerous and wrong. European officials are seriously considering a bridge loan as clock ticks for the December summit. Belgian resistance is seen as entrenched.
Markets
Could the EU’s frozen-assets plan destabilise European bond markets?
EU plans to use frozen Russian assets to help Ukraine have prompted warnings that the move could push up government borrowing costs. But experts told Euronews Business that any impact on European debt markets is likely to be limited.
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Europe News
Belgian prime minister doubles down on opposition to reparations loan
Hopes to secure a reparations loan for Ukraine have been dashed after the Belgian prime minister blasted the proposal as "fundamentally wrong" and called on the EU to raise fresh debt instead of touching the Russian assets.
Europe News
EU should use frozen assets for Ukraine, Dombrovskis tells Euronews
In an interview with Euronews' flagship morning show Europe Today, European Commissioner for Economy and Productivity Valdis Dombrovskis said that the EU should stop discussing the options to finance Ukraine and proceed with using Russian frozen assets.
Europe News
US peace plan throws reparations loan into disarray
The new peace plan promoted by the United States has added fresh complications for the EU's unprecedented proposal to issue a reparations loan for Ukraine pegged to Russia's frozen assets. Leaked documents show the funds would be released and invested.
Europe News
Von der Leyen urges EU countries to plug €135 billion gap for Ukraine
Von der Leyen sends a letter to member states calling for a fast agreement on how to fund Ukraine's enormous €135 billion budget hole for next year and 2027. EU leaders will meet for a make-or-break summit in December.
Europe News
Von der Leyen lays out alternatives to reparations loan for Ukraine
Ursula von der Leyen has outlined a plan B to fund Ukraine should the reparations loan pegged to the Russian assets fail. The loan is still seen as the best option to keep the financing going even if Belgium plays hardball.
Europe News
Nordic leaders rule out debt, insist on Russian assets to aid Ukraine
The prospect of issuing new joint debt at a European level to support Ukraine leaves Nordic leaders cold. They insist financing should come from Russian assets as the Commission looks for options to break the deadlock.
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.