{"id":1300431,"date":"2025-10-02T12:15:56","date_gmt":"2025-10-02T09:15:56","guid":{"rendered":"https:\/\/prm.ua\/the-european-union-has-not-reached-an-agreement-on-a-loan-to-ukraine-from-the-russian-federations-asset-funds-which-countries-are-against-it\/"},"modified":"2025-10-02T12:15:56","modified_gmt":"2025-10-02T09:15:56","slug":"the-european-union-has-not-reached-an-agreement-on-a-loan-to-ukraine-from-the-russian-federations-asset-funds-which-countries-are-against-it","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-european-union-has-not-reached-an-agreement-on-a-loan-to-ukraine-from-the-russian-federations-asset-funds-which-countries-are-against-it\/","title":{"rendered":"The European Union has not reached an agreement on a loan to Ukraine from the Russian Federation’s asset funds: which countries are against it?"},"content":{"rendered":"

European Union leaders, during the summit on October 1, were unable to agree on a decision to provide Ukraine with a loan of 140 billion euros at the expense of frozen Russian assets.<\/strong><\/p>\n

This is reported by<\/a> The Financial Times, citing diplomatic sources.<\/p>\n

The main obstacle was the positions of three countries. Belgium refused to lift its veto, and France and Luxembourg expressed legal concerns. As a result, the summit participants recognized that the issue needed further study \u2014 both from a legal and fiscal perspective.<\/p>\n

This means that the chances of preparing an official legislative initiative by the next European Council meeting in Brussels are extremely low.<\/p>\n

Belgium, which receives significant tax revenues from Russian assets held in the Euroclear system, has taken a particularly tough stance. Brussels is now demanding guarantees \u2014 both in terms of risk sharing and legal protection in the event of possible lawsuits from Moscow.<\/p>\n

The Prime Minister of Luxembourg said that “you can’t just take something that belongs to another state,” and warned of the risks of Russia defaulting on its debt obligations.<\/p>\n

Despite the controversy, the EU has agreed to continue working on the asset mechanism. As European Commission President Ursula von der Leyen noted, “a more solid and clear proposal” is needed to move the initiative forward.<\/p>\n

In parallel, G7 finance ministers agreed to coordinate their actions regarding frozen Russian state assets \u2014 with the aim of using these resources to end the war and rebuild Ukraine.<\/p>\n

It should be noted that the European Commission has developed a new initiative that involves using the proceeds from frozen Russian assets to finance a large-scale loan to Ukraine.<\/a> This is an amount of 140 billion euros, which Kyiv will be able to receive to support the budget and strengthen the defense sector.<\/p>\n

As a reminder, the European Commission has come up with a new way to transfer billions of euros in frozen Russian assets to Ukraine<\/a> . In particular, Europe is proposing to replace the money with EU-backed debt obligations.<\/p>\n

As reported, French President Emmanuel Macron said that the confiscation of frozen Russian assets contradicts international law and could be the beginning of “complete chaos.”<\/a><\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

European Union leaders, during the summit on October 1, were unable to agree on a decision to provide Ukraine with a loan of 140 billion euros at the expense of frozen Russian assets. This is reported by The Financial Times, citing diplomatic sources. The main obstacle was the positions of three countries. Belgium refused to […]<\/p>\n","protected":false},"author":59,"featured_media":842966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76885,76892],"class_list":["post-1300431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-policy","category-economy"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1300431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1300431"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1300431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/842966"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1300431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1300431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}