European Commission plans ‘reparations loan’ to Ukraine using frozen Russian assets
Option of EU loan based on common borrowing also proposed in concession to concerns raised by Belgium
The European Commission will move ahead with a controversial proposal to fund Ukraine with a loan based on Russia’s frozen assets, it has announced.
But in a concession to concerns raised by Belgium, which hosts most of the assets, the EU executive has also proposed another option: an EU loan based on common borrowing.
