Euroclear

France is under pressure to finance Ukraine using €18 billion in Russian sovereign assets, whose location Paris has concealed for over two years. These assets, mostly immobilized in private banks, represent the second-largest accumulation of frozen Russian central bank assets in Europe.

EU countries will have to allocate billions of euros to guarantee loans to Ukraine totaling up to 210 billion euros, with Germany providing support of up to 52 billion euros. The European Commission presented these figures after proposing a "reparation loan" for Ukraine of 165 billion euros from frozen Russian assets.

Euroclear CEO Valerie Urbain believes that frozen Russian assets should be used for peace negotiations rather than to finance a reparations loan to Ukraine. This would avoid complex legal risks and preserve leverage.

The IMF welcomes discussions in Europe on the use of frozen Russian assets to support Ukraine. The Fund emphasizes compliance with international law and non-disruption of the functioning of the global monetary system.

Belgian Prime Minister Bart De Wever will hold talks with German Chancellor Friedrich Merz on the use of frozen Russian assets to support Ukraine. Belgium expresses concerns about legal aspects and potential risks for its taxpayers.

German Chancellor Friedrich Merz canceled a trip to Oslo to persuade Belgium to support a €165 billion "reparation loan" to Ukraine. The loan is proposed to be secured by frozen Russian state assets located in Belgium.

Belgian Prime Minister Bart De Wever blocked an EU plan to provide Ukraine with a 140 billion euro loan. He fears legal and financial retaliation from Russia.

The European Commission is proposing a “reparation loan” of 165 billion euros to Ukraine, using frozen Russian state assets. This loan is part of a broader financial package worth up to 210 billion euros to support Ukraine.

European Commission President Ursula von der Leyen stated that "almost all" of Belgium's concerns regarding a "reparation loan" for Ukraine have been addressed. This concerns the use of frozen Russian assets to finance Ukraine's needs.

The European Commission is proposing a legal solution to avoid Belgium having to pay billions of euros if Hungary vetoes the extension of sanctions against Russia. This would allow €140 billion of frozen Russian assets to be used as a loan to Ukraine.

The European Central Bank has rejected participation in the European Commission's proposal to use frozen Russian assets. This complicates the attraction of a loan secured by the immobilized assets of the Russian central bank.

Belgium is slowing down the EU's decision to transfer frozen Russian assets to Ukraine, fearing legal claims from Russia and undermining trust in its financial institutions. This could also affect peace negotiations with Russia, which might refuse dialogue.

EU countries are increasing pressure on Belgium to unblock 140 billion euros of frozen Russian reserves. Belgium is accused of concealing information about tax revenues received from these assets.

The European Commission is urging Western allies to speed up payments on a $50 billion loan to Ukraine. This comes as Belgium is stalling EU efforts to support Ukraine with a larger financing scheme using Russian assets.

According to the depository's management, this could scare investors in European government debt and lead to countermeasures from the Russian side.

An EU loan of 140 billion euros, which Ukraine may receive, backed by frozen Russian assets, does not pose a threat to the sovereign ratings of EU countries. Leading rating agencies S&P and Fitch stated minimal risks for EU members, despite concerns about possible Russian lawsuits.

European diplomats and officials are expressing outrage over a new US peace plan that could derail efforts to provide financial assistance to Ukraine. Trump's proposed plan involves using frozen Russian assets to rebuild Ukraine after a truce, which contradicts EU plans to use these funds for a loan to Kyiv.

US President's envoy to NATO, Matthew Whitaker, calls on European allies to take a more aggressive stance on Moscow and use frozen Russian assets to finance Ukraine. This move would provide support to Ukraine for years and signal a new, bolder phase in European politics.

European Commission President Ursula von der Leyen sent a letter to EU leaders assessing Ukraine's funding needs for 2026-2027. This amount is 135.7 billion euros, based on the assumption that the war will end in 2026.

The European Commission has offered Belgium significant guarantees regarding a €140 billion loan to Ukraine to protect it from the legal and financial consequences of using Russian assets. EU countries are ready to assume the risks of Russian retaliation, including those arising from bilateral investment treaties.

The European Union has offered Ukraine €90 billion in funding in the form of a grant or a loan backed by EU debt. This will happen if countries fail to approve the desired plan to use frozen Russian assets.

European Commission President Ursula von der Leyen announced the possibility of issuing joint EU debt to support Ukraine. This will happen if the plan to use frozen Russian assets fails due to Belgium's blocking.

Norway is considering supporting the EU's plan to use frozen Russian assets for Ukraine. However, the country will not use its sovereign wealth fund as the sole financial support.

Belgium has sought assistance from allies after a series of drone incursions near airports, military bases, and nuclear power plants. Officials say the incidents "resemble" Russian actions, but there is no direct evidence yet.

The European Union will discuss two main ways to raise financial support for Ukraine: borrowing or using frozen Russian assets. EU finance ministers are meeting in Brussels after pledging to cover Ukraine's needs in 2026-2027.

The European Commission proposes to permanently freeze Russian assets in the EU and use the proceeds to finance Ukraine. Rejection of this plan could lead to annual EU expenditures of 5.6 billion euros, affecting the deficit and debt of individual states.

Representatives of the EU and the Belgian government have not reached an agreement on the use of frozen Russian assets to finance Ukraine. Belgium demands legal guarantees and fears lawsuits, while the EU insists on a plan to use 140 billion euros.

German Defense Minister Boris Pistorius suggested that drone sightings over Belgium could be related to discussions about the use of frozen Russian assets. Belgium holds 183 billion euros in Russian assets, which constitutes the majority of all Russian state assets in the EU.

Former NATO Secretary General Anders Fogh Rasmussen stated that Ukraine will face an "eternal war" if Europe does not increase pressure on Russia. He called for the deployment of European troops and the establishment of a missile and drone shield on NATO territory to protect Ukraine.

European Commissioner Valdis Dombrovskis stated that the EU must provide Ukraine with "credible" financial commitments to unlock new IMF funds. This would allow for an IMF aid package of approximately $8 billion over the next three years, which is expected in January.