“The EU plans to use frozen Russian assets to support Ukraine, despite the fact that at the last summit it was not possible to reach a full agreement between the member states. This money will help cover military expenses and loans that the EU granted to Kyiv. This was stated by the President of the European People’s Party, Manfred Weber, Politico reports. According to Weber, the money is from frozen Russian assets”, — write on: ua.news
The EU plans to use frozen Russian assets to support Ukraine, despite the fact that at the last summit it was not possible to reach a full agreement between the member states. This money will help cover military expenses and loans that the EU granted to Kyiv. The President of the European People’s Party, Manfred Weber, stated this, reports Politico.
According to Weber, the money from the frozen Russian assets will help cover debts for the damage caused by Russia and repay EU loans to Ukraine. He also noted: “As far as I understand, in the end, Russia has to pay for what it did in Ukraine.”
At the last EU summit, it failed to convince Belgium, which holds most of the assets, to direct them to support the war effort. The leaders agreed only on a backup plan based on the EU’s common debt mechanism, without the participation of Hungary, Slovakia and the Czech Republic.
Weber also rejected the US proposal to use part of the assets to finance the US recovery plan, calling it “completely unacceptable”. He defended German Chancellor Friedrich Merz, who tried to secure a loan to Ukraine at the expense of Russian assets, stressing that this was a demonstration of leadership.
“As a result, Russian assets are still on the table,” Weber concluded, stressing that the issue remains a priority for the EU and Ukraine. The European People’s Party, to which Weber belongs, is the largest political family in the EU and includes European Commission President Ursula von der Leyen and numerous commissioners.
We will remind, the European Union officially confirmed its right to direct cash balances from frozen Russian assets to finance Ukraine.
The President of the European Commission, Ursula von der Leyen, emphasized that the financial loan for Ukraine is directly linked to future reparations from Russia and will not become a burden for the Ukrainian budget.
President of Ukraine Volodymyr Zelenskyi expressed thanks to the leaders of the European Union for the decision to provide Ukraine with financial support in the amount of EUR 90 billion in 2026-2027.
The Prime Minister of Hungary, Viktor Orbán, stated that he opposes the 90 billion euro loan agreed by the European Union to Ukraine and does not want Hungary to have anything to do with this decision.
The Prime Minister of Belgium, Bart de Wever, considers the European Union’s decision to jointly borrow €90 billion to support Ukraine a powerful political signal and evidence of European unity.
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