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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.

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.

Prime minister says proposal violates international law and would destabilise financial markets

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 is considering seizing billions in Russian assets to support Ukraine, as proposed by U.S. President Donald Trump

Foreign ministers express misgivings about draft US-Russian peace plan favourable to Putin

The options paper sent by Ursula von der Leyen to EU leaders presents a binary choice: fresh debt or tap the Russian assets. Euronews breaks down the key elements of her long-awaited document.

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.

Anders Fogh Rasmussen calls for air shield on Nato territory and deployment of European protection force for Ukraine

The debate about issuing a reparations loan to Ukraine has prompted one burning question: Where exactly are Russia's immobilised assets?

After an inconclusive summit, EU leaders instructed the European Commission to explore "options" to meet Ukraine's financial and military needs for next year and 2027. What could these options look like?