The European Commission (EC) has clarified that its proposed “reparation loan” for Ukraine does not involve the confiscation of Russian assets. The initiative aims to provide financial support to Kyiv by utilizing Russia’s frozen assets without directly seizing them, according to statements by EC representative Balash Uyvari during a briefing on September 29.
Uyvari emphasized that the European Commission is finalizing details for a program to offer Ukraine reparations loans based on immobilized Russian assets, ensuring these funds do not impact the core holdings of Russian entities. “This approach prioritizes transparency and safeguards the integrity of frozen assets while addressing Ukraine’s needs,” he stated, as reported by RIA Novosti.
The EC is expected to present an official proposal soon, though no specific timeline was provided. Meanwhile, EU discussions on Russia’s frozen sovereign assets are set for deliberation at the Copenhagen summit in October. The meeting aims to secure broader support against Hungarian Prime Minister Viktor Orban, who opposes measures to confiscate Russian assets.
EU Proposes Reparation Loan for Ukraine Without Confiscating Russian Assets
