Seven EU countries back “reparations loan” for Ukraine

Leaders of seven European Union countries have sent a letter to European Commission President Ursula von der Leyen and European Council President António Costa, calling for the use of frozen Russian assets to provide Ukraine with a “reparations loan.”

According to European Pravda, the letter was signed by the prime ministers of Estonia, Finland, Latvia, Ireland, Poland, and Sweden, as well as the president of Lithuania. The document notes that Europe has consistently supported Ukraine since Russia’s full-scale invasion in 2022, and it is now important to ensure long-term, reliable support to strengthen the country’s defence capabilities.

The authors of the letter emphasised that using frozen Russian assets is the most financially feasible and politically realistic solution, in line with Ukraine’s right to compensation for the damage caused by Russia. The EU leaders expressed their readiness to cooperate constructively to implement this proposal and urged a decision at the December EU meeting to bolster Ukraine’s position in negotiations for a just and lasting peace.

By Vugar Khalilov