European Commission plans ‘reparations loan’ to Ukraine using frozen Russian assets Leaders focus on bolstering Ukraine’s finances as US-Russia talks to end war make little progress The Guardian - UK · Dec 3, 2025
Von der Leyen pushes ahead with reparations loan for Ukraine as Belgium maintains its opposition Ursula von der Leyen has offered sweeping guarantees for Belgium to agree to an unprecedented reparations loan for Ukraine. Belgian authorities say risks could be fatal. EU leaders will gather on 18 December to make a final decision. If no deal is found, the EU will resort to joint debt. Euronews · Dec 3, 2025
ECB declines to provide emergency liquidity for reparations loan to Ukraine 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. Euronews · Dec 2, 2025
Reparations loan for Ukraine 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. Euronews · Dec 1, 2025
EU weighs Plan B for Ukraine as Belgium raises bar to unblock 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. Euronews · Nov 29, 2025
Could the EU’s frozen-assets plan really 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. Euronews · Nov 29, 2025
Belgium hits back at EU plan to use frozen Russian assets to aid Ukraine Prime minister says proposal violates international law and would destabilise financial markets The Guardian - UK · Nov 28, 2025
'Fundamentally wrong': 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. Euronews · Nov 28, 2025
Russia's frozen assets at center of negotiations over Ukraine peace deal Europe is considering seizing billions in Russian assets to support Ukraine, as proposed by U.S. President Donald Trump The Independent UK · Nov 26, 2025
Europe calls for role in Ukraine talks amid reported US-Russian peace deal Foreign ministers express misgivings about draft US-Russian peace plan favourable to Putin The Guardian - UK · Nov 20, 2025
What we learned from Ursula von der Leyen's options paper to support Ukraine 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. Euronews · Nov 18, 2025
Von der Leyen lays out alternatives to reparations loan for Ukraine as time runs out 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. Euronews · Nov 13, 2025
Ukraine faces ‘forever war’ unless Europe steps up pressure on Russia, says ex-Nato chief Anders Fogh Rasmussen calls for air shield on Nato territory and deployment of European protection force for Ukraine The Guardian - UK · Nov 6, 2025
Where are Russia's immobilised assets? Nobody, except Belgium, wants to say The debate about issuing a reparations loan to Ukraine has prompted one burning question: Where exactly are Russia's immobilised assets? Euronews · Nov 6, 2025
Euronews · Nov 1, 2025 What if there's no reparations loan for Ukraine? EU weighs alternative plans 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?
Euronews · Oct 25, 2025 What is the reparations loan for Ukraine and why is the EU stuck with the plan? An audacious plan to use Russia's immobilised assets to issue a €140-billion loan to Ukraine is held up by EU leaders. Here's why.
Euronews · Oct 23, 2025 Belgian resistance holds up €140 billion loan for Ukraine at EU summit After a summit of EU leaders, Belgian Prime Minister Bart De Wever complained he had not received answers to all his concerns about a groundbreaking plan to issue a €140 billion loan to Ukraine.
The Guardian - UK · Oct 23, 2025 EU has a plan to use frozen Russian assets to fund Ukraine – how will it work? What are the legal implications, and why does Belgium fear being left alone with the bill?
The Guardian - UK · Oct 23, 2025 Putin calls new US sanctions an ‘unfriendly act’ but claims they won’t affect Russian economy – as it happened Russian president says Moscow will deliver ‘overwhelming’ response to strikes inside Russia
The Guardian - UK · Oct 20, 2025 European leaders near deal to use frozen Russian assets for Ukraine Plans to secure loan with Russian funds ‘moving to happy resolution’, says Polish foreign minister
Euronews · Oct 2, 2025 'Can we eat the chicken?' Belgian PM demands answers on Russian frozen assets "I want the maximum of legal certainty. I want solidarity," Belgium Prime Minister Bart De Wever said about the proposal to use Russian frozen assets.
Euronews · Oct 1, 2025 EU leaders give 'broad support' for drone wall and using frozen Russian assets to aid Ukraine The European Commission will now fine tune a Roadmap for defence set to be released in two weeks, before leaders convene for another summit to make decisions.
Euronews · Oct 1, 2025 Support grows for using Russian assets in €140 billion loan to Ukraine, but key questions remain The EU is working on a new plan to provide a "Reparations Loan" to Ukraine based on Russia's frozen assets. But key questions remain unanswered.
Euronews · Sep 26, 2025 Brussels pitches €140 billion loan for Ukraine using Russia's frozen assets Brussels believes it can issue a €140 billion loan to Ukraine using Russia's frozen assets without engaging in outright confiscation.
Al Jazeera · Jun 20, 2025 EU squeezes Russia financially to reach ‘peace through strength’ in Ukraine After banning Russian oil in 2022, the EU proposes phasing out Russian gas and maximising profits from Russian assets.