On October 10, the EU Finance Ministers will discuss the reparation loan to Ukraine and the economic situation in

At its next meeting in Luxembourg, the Ministers of Finance of the European Union will discuss the European Commission on October 10 on October 10, to provide Ukraine with a reparation loan, which can be based on Russian frozen assets. Radio Liberty has become known from several informed diplomats familiar with the preparation of the meeting.

Discussions will be held during breakfast scheduled for 10:00 am local.

The European Commission is expected to present fresh developments about the opportunity to provide Ukraine with a reparation loan and answer numerous questions of Member States.

The key to Belgium remains the key to which assets are stored. The possibility of providing her bilateral guarantees and their inclusion in the next EU budget cycle is discussed. However, the last option will require the approval of all 27 EU Member States.

The next stage in the potential agreement of a multibillion -dollar loan for Ukraine will be a discussion at the level of leaders during their next summit in Brussels at the end of October.

According to diplomats, political consent to progress in this matter is expected from leaders. In its presence, the negotiation process will begin.

The European Commission is expected to present a formal proposal, and Member States will be necessary to provide appropriate guarantees with national procedures.

The vast majority of them also require the approval of the Parliament to provide guarantees, which requires Belgium, given that the amount of Russian frozen assets in its territory is equal to a third of its GDP.

Read also: The new idea of ​​using Russian frozen assets in Ukraine. What is the EU dilemma?

On October 10, the European Commission will also inform the EU Finance Ministers on the impact of European sanctions on the Russian economy. Diplomats said Radio Liberty that, according to the latest data, restrictions work: The economic situation in Russia is deterioratinginflation is twice as high as officially reported.

The amount of cash accumulated through the bonds of the Russian Central Bank in the Belgian Central Depository of EuroClear is about 176 billion euros. Russia is not refunded in connection with the sanctions imposed by the European Union in response to its full -scale invasion of Ukraine. The idea of ​​providing Ukraine with a repair loan is thatTo transfer this cash to the EU, which will “conclude an individual debt contract with Euroclear under 0% per annum.”