“After the ECB’s refusal, the European Commission is discussing alternative ways of financing the “reparation loan” to Ukraine.”, — write: www.pravda.com.ua
Source: correspondent of “European Truth” from Brussels, quoting the words of the chief spokeswoman of the European Commission, Paula Pinho
Details: After the ECB’s refusal to provide funds for the payment of “reparation loans” to Ukraine, the European Commission is looking for alternative sources of liquidity.
Advertising:
“We are discussing with the European Central Bank what decisions are appropriate, what can be done (regarding the provision of “reparation loans” – “EP”) to Ukraine,” Pinho said.
She emphasized that “the question of how to provide the necessary liquidity … is an absolutely important part of the discussions.”
“Ensuring the necessary liquidity for possible obligations to return assets, in this case, to the Russian Central Bank, is an important element of the reparation loan. This is a mandatory condition for the EU, its member states and private bodies to always be able to fulfill their international obligations,” the spokeswoman of the European Commission emphasized.
According to her, “given this position of the ECB (refusal to provide liquidity for “reparation loans” – “EP”), we are conducting discussions on how to ensure this liquidity.” “So we’re basically looking for alternative solutions, and that’s part of all the work that’s going on right now with regard to the reparation loan,” Paula Pinho clarified.
As “European Truth” reported, the European Central Bank (ECB) refused to support the payment of 140 billion euros to Ukraine secured by Russian assets blocked in the Belgian Euroclear depository.
The day before, Belgium stated that the scheme proposed by the European Commission to provide Ukraine with “reparation loans” using frozen assets of Russia was initially is incorrect and does not take into account the previously voiced warnings of the Belgian authorities.
Therefore, European countries develop a “plan B” just in caseunless they can agree on the use of Russia’s frozen assets so that Ukraine is not left without funding at the beginning of 2026.