Yesterday at 20:05
European Commission President Ursula von der Leyen announced that the European Union is working on a new financial instrument to support Ukraine based on the profits generated from frozen Russian assets.
She emphasized that the assets themselves will not be touched:
“Thanks to the cash proceeds linked to these Russian assets, we can provide Ukraine with a reparation loan. We will not touch the assets themselves. The risk will have to be shared collectively. Ukraine will repay the loan only once Russia pays reparations.”
Von der Leyen stressed that the EU is coordinating its sanctions policy with G7 partners under Canada’s chairmanship and is working with the “Coalition of the Willing” to strengthen support for Kyiv.
She urged EU member states to swiftly approve the new, 19th package of sanctions, targeting Russia’s energy sector, crypto platforms, exports of dual-use materials, and mechanisms used to circumvent sanctions.
“Europe has stood with Ukraine from the very beginning. We will continue to use every tool at our disposal to end this brutal war. Russia must leave the battlefield and sit down at the negotiating table — this is the only way to give peace a real chance,” the Commission President concluded.
