“Repatriation loan” and joint borrowing: how Europe will finance Ukraine
FILE PHOTO: A banner depicting an European Union flag is reflected in a window outside the EU Council headquarters in Brussels, Belgium March 18, 2025. REUTERS/Yves Herman//File Photo
EU spokesman for economic affairs Balazs Ujvari said that the European Union is proposing two solutions for financing Ukraine in the coming years.
This was reported by The Guardian.
The official emphasized that there are two “fundamental solutions” regarding the “repatriation loan” and alternative joint borrowing.
Building on this, European officials will continue discussions ahead of the EU Council summit this week.
“We are proposing two solutions that will ensure that Ukraine will have the necessary funding in 2026 and 2027,” the spokesman said.
According to him, if you look at the available figures, it may seem that at the beginning of the year Ukraine will be provided with resources. At the same time, new decisions may come into force in the spring.
Recall that Belgium criticized the European Commission’s new proposal to transfer frozen Russian assets to Ukraine, stating that the document is “categorically unacceptable.”
It was previously reported that the European Union is working on an urgent legal mechanism that will allow frozen Russian money to be safely used to lend to Ukraine, avoiding risks for Belgium.
As is known,the European Union is preparing an alternative financing scenario for Ukraine in case the leaders fail to agree on using frozen Russian assets to create a reparations loan.
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