EUROPEAN UNION Finance Ministers Met In Brussels To Discuss How To Raise About €130–140 Billion ($152–163 Billion) To Support Ukraine In 2026–2027. EU Leaders Had Earlier Asked The European Commission To Suggest Funding Options, But The Proposal Is Still Being Finalized.
Two Main Options Are Being Considered. The First Is To Use Frozen Russian Assets, Mainly Held At Belgium’s Euroclear, To Create What’s Being Called A “Reparations Loan.” The EU Would Replace The Russian Funds With AAA-Rated Bonds, Sending The Cash To Kyiv. Ukraine Would Only Repay If It Later Receives Reparations From Russia — Effectively Turning The Money Into A Grant.
However, Belgium Is Cautious, Fearing It Could Be Held Legally Responsible If Russia Wins A Lawsuit Over The Frozen Funds. It Wants Other EU Countries To Help Share That Risk And For The Commission To Ensure A Strong Legal Framework Before Moving Forward.
The Second Option — For EU Governments To Borrow Money On The Market — Is Less Popular, As It Would Raise Debt Levels And Require Paying Interest. EU Leaders Hope To Make A Final Decision On The Plan By December.
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