"European leaders committed to ensure that Ukraine's financial needs will be covered for the next two years,"
"Russia should take good note of this. Ukraine will have the financial resources it needs to defend itself against Russia's aggression,"
"null and void from the standpoint of international and contract law"
"result in a painful response."
The European Union plans to base a reparations loan on frozen Russian central bank funds to provide up to €140 billion to Ukraine in 2026 and 2027. The loan aims to finance military needs and other financial requirements while holding Russia financially accountable. The scheme would borrow matured cash from Euroclear rather than seize sovereign assets, and Ukraine would be required to repay only if Russia compensates for damages. The EU froze about €200 billion in Russian assets after the 2022 invasion and has so far used only interest income to support Ukraine. The plan faces serious legal and political risks and drew warnings of legal nullity and retaliation from Moscow.
Read at RadioFreeEurope/RadioLiberty
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