OREANDA-NEWS  Russian assets held in European financial institutions will remain frozen until Moscow pays all reparations to Ukraine. This was stated by European Commissioner for Economics Valdis Dombrovskis, quoted by TASS.

Under the same condition, he noted, Ukraine will be able to repay to the European Union (EU) the loan provided to the republic in the amount of 90 billion euros.

As a last resort, the European Commissioner did not rule out, frozen Russian assets would be used for this purpose. Dombrovskis did not disclose whether the multibillion-dollar loan was fully repaid or partially repaid. "They [the Russian assets blocked in the EU] will remain frozen and can be used to pay off this loan in the future," he stated.

Earlier, Dombrowski explained that the EU authorities would provide Ukraine with a record loan under the same scheme as during the coronavirus pandemic. Then, the European Commissioner recalled, the countries of the region made a joint loan in order to overcome the negative consequences of the lockdown. This time, the head of the European Commission, Ursula von der Leyen, assured, the vast majority of the loan funds will be used to purchase weapons and military equipment for Ukraine.