The European Commission sees “will” among the capitals to adopt ‘repair loans’ to Ukraine financed with frozen Russian assets and thus be able to cover the country’s economic needs in defense since 2026.
“There is a will to participate constructively And, in fact, the member states see it as a possible way to move EU Finance Ministers Meeting (ECOFIN) that has been held in Copenhagen (Denmark) in the framework of the Danish presidency of the Council.
The Latvian politician has warned that You have to “prepare everything with relative speedsince Ukraine will need this financing from 2026 “. In addition, the intention of the commission is extrapolated this loan approach for repairs so that it can also be used among other G7 members.
Dombrovskis himself has pledged to have a formal proposal on time for a First discussion of the twenty -seven at your meeting scheduled for the October 9 and 10 in Luxembourgwith the aim of arriving mature to the summit of the late month.
The president of the Commission, Ursula von der Leyen, has already announced her intention to advance in this way in her starting course before the Plenary of the European Parliament in Strasbourg (France), where she said that “Ukraine would only return the loan once Russia pays repairs”.
Thus, Brussels wants to raise a New annual loan line To Ukraine using the cash balances of the immobilized Russian assets without confiscating them and “without touching Russia’s claim on those assets”, while working now to specify “modalities, deadlines and volumes.”
In this regard, the economic commissioner has indicated that it will be based on the evaluation that the International Monetary Fund (IMF) is finalizing on the financial needs of Ukraine for the next two years.
However, despite the general will between the twenty -seven to support the Ukrainian defense, countries like Germany, Belgium or France have shown their doubts regarding the legality of these new measures.
He has also expressed his Repairs in this regard the president of the European Central Bank (ECB), Christine Lagardewho recalled the importance of fulfilling international law and respecting sovereignty.
On the contrary, the Minister of Economy, Commerce and Company, Carlos Body, who has opted to find “creative” solutionsrecalled that the Spanish position is “in favor of advancing and finding all possible sources of financing for Ukraine”, among which it stands out make greater use of those immobilized assets.
