“The EU can allocate 140 billion euros to Ukraine from frozen Russian assets, the summit will be held in Brussels.”, — write: www.pravda.com.ua
Volodymyr Zelenskyi, photo: Getty Images Source: Zelensky’s evening address, reports “Evropeyska Pravda”
Zelensky’s direct speech: “The result of these meetings – the result of Europe – should be such that Russia feels that their desire to fight again next year will not make sense, because Ukraine will have support. It depends one hundred percent on Europe – it is Europe that makes this choice.”
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Details: One of the key issues of the summit will be the allocation of a “reparation loan” to Ukraine at the expense of Russian frozen assets, which Belgium continues to oppose.
The European Commission proposed to use about 180 billion euros of frozen Russian assets stored in the Belgian depository Euroclear. Of these, they propose to transfer 140 billion euros to Ukraine, and about 40 billion more to be used to repay the ERA loan, which is provided to Ukraine by the G7 states.
According to the proposal, the “reparation loan” will be repaid by Ukraine only when it receives reparations from Russia for the damages caused by the war.
According to sources, Zelenskyi will personally participate in the summit of European Union leaders on Thursday.
According to Politico, at the latest negotiations at the level of EU ambassadors on the use of Russian assets to finance Ukraine, Belgium said there was no progress towards a joint solution.
As of Tuesday, the chancellor of Germany equally assessed the chances of passing and not passing the decision.
More on the topic in the article: The EU is looking for money for Kyiv. Why is Belgium “blocking” the financing of Ukraine at the expense of the assets of the Russian Federation