European Parliament nears decision on reparations loan for Ukraine

The European Parliament is preparing to approve the so-called reparations loan to Ukraine under an accelerated procedure following the decision of EU leaders to use frozen Russian assets.

This is reported by “European Truth” with reference to the press service of the European Parliament.

The European Parliament said that MPs will apply the urgency procedure as soon as EU member states agree on further steps regarding Russian assets.

It is expected that the vote on granting Ukraine a reparation loan will take place at the plenary session of the European Parliament in January 2026. On Tuesday, deputies already supported the acceleration of the legislative process regarding this project.

The European Parliament explained that the new financial instrument should help cover Ukraine’s needs, support the state budget, military potential, defense industry, and Ukraine’s integration into the European defense industrial base.

The proposed loan is linked to existing mechanisms for assistance to Ukraine and cooperation in the field of lending.

After approval by the European Parliament, the decision must also be approved by EU member states. EU leaders are expected to try to reach a political agreement during a summit in Brussels on December 18-19.

It was previously reported that European officials, trying to convince the Belgian government to agree to finance Ukraine with frozen Russian assets, held negotiations until late at night, but Brussels is demanding additional guarantees.

As a reminder, EU spokesman for economic affairs Balazs Ujvari stated that the European Union is proposing two solutions for financing Ukraine in the coming years.

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