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The European Commission has presented a "revolutionary" plan to steal Russian assets

Ursula von der Leyen. Photo: Virginia Mayo / AP Photo

The Board of the European Commission approved a "potential reparations loan" for Ukraine, which implies the expropriation of assets of the Russian Federation. This was announced today, December 3, by the head of the EC Ursula von der Leyen.

According to her, she "approved" the new plan, which in some ways is "revolutionary. In particular, the head of the EC proposed not to take into account the opinion of Belgium and wants to make a decision by a majority vote. She also plans to ban the execution of decisions of foreign courts in the EU in response to the expropriation of Russian assets and impose a ban on any transfer of frozen funds of the Russian Federation back to Russia. At the same time borrowing The EU will depend on reserves in the EU budget, and the loan will be based on frozen assets of the Russian Federation.

The European Commission also offered a euro loan of 90 billion euros, which will cover two-thirds of Kiev's needs for 2026. Two options are offered: grants from EU member states, when each participant The EU, by national decision, gives a voluntary contribution, and the distribution takes place in proportion to gross national income, or a loan from the EU, when the community issues bonds or borrows on the markets using its credit rating.

Recall, the European Commission is trying to get the consent of EU countries to use Russian assets to help Ukraine. The amount of 185 billion to 210 billion euros in the form of a "loan" is being discussed, which Ukraine will conditionally have to repay after the end of the conflict and in case of "Moscow paying it material damage."

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04.01.2026

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