OREANDA-NEWS  The European Parliament will vote on a proposal to provide Ukraine with a loan based on the assets of the Russian Federation during the session from January 19 to 22, 2026, after approving the activation of an emergency procedure to shorten the review period, according to a statement published on the website of the legislative body.

On Tuesday, the European Parliament supported a request to apply an accelerated procedure for reviewing a legislative proposal to provide a loan to Ukraine based on the assets of the Bank of Russia.

"After the decision to speed up the procedure, the MEPs intend to adopt their position on the initiative before starting negotiations with the governments of the member states at the next plenary session, which will be held from January 19 to 22, 2026," the document says.

It is specified that this new instrument, if approved during the meeting of the European Council on December 18-19, will be aimed at supporting the financial needs of Ukraine and its state budget, including military capabilities, as well as the country's defense industry and its integration into the European defense industrial base.

The European Commission is trying to get the EU countries to agree to use Russian sovereign assets for Kiev. The amount of 185 billion euros to 210 billion euros in the form of a loan is being discussed, which Ukraine will conditionally have to repay after the end of the conflict and in case of "payment of material damage to it by Moscow." At the same time, the Russian Foreign Ministry stated that the EU's ideas about Russia paying reparations to the Ukrainian side are divorced from reality, and Brussels has long been engaged in stealing Russian assets.