European leaders discussed using frozen Russian central bank assets to fund a reparations loan for Ukraine worth at least 140 billion euros.
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European leaders discussed using frozen Russian central bank assets to fund a reparations loan of at least 140 billion euros.
The EU aims to reach political agreement on using frozen Russian assets to grant Ukraine a 'reparations loan' at the upcoming leaders' summit in Brussels next week.
The European Commission plans to present a legal proposal on the mechanism for releasing the funds by the second quarter of next year.
Under the EU's plans, Ukraine could receive around €140 billion in new loans backed by frozen Russian assets.
The repayment would occur only if Russia agrees to pay reparations for war damages.
Experts estimate that Kyiv may need more than $200 billion to sustain its defense and finances through the end of the decade.
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Extraction metadata
Extracted: 2026-07-18T17:08:29.318Z
Source story: eus-chief-diplomat-kallas-arrives-in-kyiv-on-official-visit