OREANDA-NEWS  The European Commission hopes to provide Ukraine with a loan based on the frozen assets of the Central Bank of the Russian Federation in the amount of 150 billion euros by the end of 2025, European Commissioner for Defense and Space Andrius Kubilius said.

"A very important decision may be the provision of a so–called "reparation loan" using frozen assets (CBR - ed.), without confiscation, to send Ukraine 150 billion euros, which can be used for defense. I hope that this will happen. Important decisions can be taken at the upcoming Council of EU Heads of State (December 18-19, 2025 – ed.). And in the roadmap that we approved last week by the decision of the European Commission as part of the defense readiness roadmap, we also expect that the loan will be provided to Ukraine at the end of this year," he said in an interview with Bloomberg.

On Thursday, the EU countries at the summit failed to agree on the EC proposal on the use of Russian assets for the needs of Kiev. As follows from the written conclusions of the meeting, it was decided to return to the issue of financial support options for Ukraine at the next meeting. Earlier, the Belgian prime minister stated that all EU countries should share the risks in the case of using Russian assets. He noted that the European Union should prepare for lawsuits from Western companies that will lose their assets in Russia if the EU uses Russian sovereign assets.