Britain and Canada can provide their own “reparation loans” to Ukraine – European Commissioner

Valdis Dombrovskis. illustrative photo from Wikipedia

Great Britain and Canada, on whose territory Russia’s assets are also frozen, can provide Ukraine with financing based on the model of “reparation loans” proposed by the European Commission.

Source: European Commissioner for Economic Affairs Valdis Dombrovskis during a conversation with journalists in Brussels on November 13, “European Truth” quotes

Direct speech: “The UK and Canada have already indicated their interest and willingness to take an approach similar to the ‘reparation loan’ model related to the frozen Russian sovereign assets they have on their territory.”

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Details: Dombrovskis added that the European Commission is also in contact with the Japanese authorities on the same issue.

Prehistory:

• Ukrainian President Volodymyr Zelenskyy called on the European Union to overcome differences over the use of frozen Russian assets, saying that new funding is crucial to the continued fight against Moscow.
• Earlier, the approval of the plan was delayed due to some reservations on the part of Belgium, on the territory of which the main part of the rosaktiv in the EU is stored.
• The EU assured that the issue of using Russia’s frozen assets for financial support of Ukraine remains on the agenda, and the final decision will be made in December 2025.

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