The EU announced work on loans for Ukraine at the expense of Russian assets

The European Union (EU) is working on the technical details of providing loans to Ukraine based on frozen Russian assets. This was announced on September 19 by European Commissioner for Economics Valdis Dombrovskis.

"As for the reparation loan, as Ursula von der Leyen, the head of the European Commission, announced in her speech to the European Parliament, it will be a loan with limited resources for Ukraine, financed from cash balances in the immobilized assets of the Russian Central Bank," he said at a briefing in Copenhagen, which was broadcast on The YouTube channel of the Reuters agency.

Dombrovskis added that EU member states are working to create a "legally and financially reliable instrument" that "can be scaled" at the G7 level. He added that the union's partners "have shown interest in using a similar approach."

Weaning mechanism: London has stepped up attempts to steal Russian assets

The parliament is looking for "legal" mechanisms to cover the costs of Ukraine

On September 10, von der Leyen said that the EU was using the frozen assets of the Russian Federation to issue loans in the form of reparations to Ukraine. In addition, she pointed to the willingness of 26 countries to participate in ensuring peace in Ukraine or provide financial support to Kiev.

Later, on August 17, the Financial Times (FT) newspaper reported that the EU intends to use 170 billion euros of frozen assets of Russia to finance Ukraine. It is noted that there are two options for the implementation of this plan.

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