17.10.2025, 14:08
The EC wants to use another 25 billion euros of frozen assets of the Russian Federation for the needs of Ukraine
Source: OREANDA-NEWS
OREANDA-NEWS The European Commission (EC) wants to increase the initially planned loan to Ukraine from frozen Russian assets of 140 billion euros by 25 billion euros at the expense of assets held in private accounts in the bloc, Politico reported on Friday.
"It is necessary to consider whether the initiative on the reparation loan can be extended to other frozen assets within the EU," says the document, which, according to the publication, the EC sent to the capitals of the bloc countries before the meeting of permanent representatives on this issue.
Politico recalls that initially the EU wanted to give Ukraine a loan of 140 billion euros at the expense of money stored in the Belgian financial depository Euroclear, where most of the assets of the Russian Federation are located. Now, the EC wants to add to them an additional 25 billion euros, which are in private bank accounts in EU countries.
The document notes that the legal validity of extending the initiative to such accounts has not yet been studied in detail and an assessment will need to be carried out before making any decision.
The document also describes the principles of the initiative, which the EU countries will discuss in the near future. In particular, there is a need to create a reliable guarantee structure to ensure that the EU can fulfill its obligations to Euroclear. We are talking about possible bilateral guarantees between the countries of the bloc.
Earlier, the media reported that the European Commission is considering the possibility of using Russian frozen assets in the amount of about 170 billion euros, which are stored in the Euroclear financial depository in Brussels. It is assumed that 140 billion euros of these funds will be used for a "reparation loan" to Ukraine. It is expected that this issue will be considered at the EU summit on October 23-24.
Belgian Prime Minister Bart De Wever expressed concerns about such plans at the recent informal EU summit in Copenhagen. He stated that the European Commission's scheme for the use of frozen Russian assets is essentially equivalent to confiscation. De Wever demanded more guarantees from the European Union for Belgium, pointing out the possible legal consequences of such a step.
"It is necessary to consider whether the initiative on the reparation loan can be extended to other frozen assets within the EU," says the document, which, according to the publication, the EC sent to the capitals of the bloc countries before the meeting of permanent representatives on this issue.
Politico recalls that initially the EU wanted to give Ukraine a loan of 140 billion euros at the expense of money stored in the Belgian financial depository Euroclear, where most of the assets of the Russian Federation are located. Now, the EC wants to add to them an additional 25 billion euros, which are in private bank accounts in EU countries.
The document notes that the legal validity of extending the initiative to such accounts has not yet been studied in detail and an assessment will need to be carried out before making any decision.
The document also describes the principles of the initiative, which the EU countries will discuss in the near future. In particular, there is a need to create a reliable guarantee structure to ensure that the EU can fulfill its obligations to Euroclear. We are talking about possible bilateral guarantees between the countries of the bloc.
Earlier, the media reported that the European Commission is considering the possibility of using Russian frozen assets in the amount of about 170 billion euros, which are stored in the Euroclear financial depository in Brussels. It is assumed that 140 billion euros of these funds will be used for a "reparation loan" to Ukraine. It is expected that this issue will be considered at the EU summit on October 23-24.
Belgian Prime Minister Bart De Wever expressed concerns about such plans at the recent informal EU summit in Copenhagen. He stated that the European Commission's scheme for the use of frozen Russian assets is essentially equivalent to confiscation. De Wever demanded more guarantees from the European Union for Belgium, pointing out the possible legal consequences of such a step.
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