The EU refused to use Russian assets to finance Ukraine
Economy
EU leaders failed to agree on a financing scheme for Ukraine using frozen Russian assets. This was reported in a European Council press release.
According to an AFP source, "after lengthy discussions, it became clear that reparations loans will require additional work, as leaders need more time to work out the details."
At the same time, the EU approved financial support for Kyiv in the amount of €90 billion through a loan secured by the EU budget.
"This is significant support, which truly strengthens our resilience. It is important that Russian assets remain immobilized and that Ukraine receives a financial security guarantee for the coming years," wrote Ukrainian President Volodymyr Zelenskyy.
According to German Chancellor Friedrich Merz, the loan is interest-free. He noted that the Russian assets "will remain frozen until Russia pays compensation to Ukraine."
Hungary, Slovakia, and the Czech Republic have been excluded from the Ukraine support mechanism—countries that opposed further aid to Kyiv, according to media reports.
"Therefore, the proposal in Trump's peace plan to spend some of Russia's frozen reserves on rebuilding Ukraine and the rest on joint Russian-American projects remains on the negotiating table," notes the Faridaily project.
At the same time, the EU approved financial support for Kyiv in the amount of €90 billion through a loan secured by the EU budget.
"This is significant support, which truly strengthens our resilience. It is important that Russian assets remain immobilized and that Ukraine receives a financial security guarantee for the coming years," wrote Ukrainian President Volodymyr Zelenskyy.
According to German Chancellor Friedrich Merz, the loan is interest-free. He noted that the Russian assets "will remain frozen until Russia pays compensation to Ukraine."
Hungary, Slovakia, and the Czech Republic have been excluded from the Ukraine support mechanism—countries that opposed further aid to Kyiv, according to media reports.
"Therefore, the proposal in Trump's peace plan to spend some of Russia's frozen reserves on rebuilding Ukraine and the rest on joint Russian-American projects remains on the negotiating table," notes the Faridaily project.
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