"The European Commission has presented its plan to use frozen Russian state assets to help fund Ukraine. Commission President Ursula von der Leyen says the proposal would create a reparations loan, drawing on cash balances from immobilized Russian assets in the EU. "We have strong safeguards in place throughout to protect member states and reduce risks as much as possible," von der Leyen told reporters in Brussels. "For example, to ensure that an illegitimate award outside the Union cannot be enforced within."
""Furthermore, we have created a strong mechanism of solidarity, where the Union can intervene. We will all share the burden." The move could unlock up to 140 billion ($162 billion), but Belgium, where most of the assets are held, remains opposed. "We have the frustrating feeling of not having been heard. Our concerns are being downplayed," Belgian Foreign Minister Maxime Prevot said."
European institutions propose turning immobilized Russian state assets into a reparations-style loan to finance Ukraine, with safeguards and a solidarity mechanism to limit legal and financial risks. The plan could unlock as much as €140 billion, but key member states such as Belgium express opposition and legal concerns about asset use. Germany reports that Russia has not shifted into a negotiating mode despite diplomatic efforts, while the Kremlin asserts willingness to continue talks after accepting some US proposals. Europe has reached an agreement to phase out all Russian gas imports amid the ongoing conflict in Ukraine.
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