The head of the European Commission, Ursula von der Leyen, proposed a new way to finance Ukraine’s defense against Russia using the cash from frozen Russian assets in Europe.
She emphasized that the core assets would remain untouched and that EU countries would share the risks of this financing. Von der Leyen stated, “This is Russia’s war. And it is Russia that should pay,” highlighting the urgency of funding Ukraine’s war efforts through these immobilized assets.
She mentioned the idea of a Reparations Loan, allowing Ukraine to receive funds now while only repaying them after Russia pays for war reparations. No specific amounts were provided, but G7 countries have pledged $50 billion to Ukraine.
With information from Reuters
