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| ECB reportedly rejects loan for Ukraine financed by Russian assets |
| London, 02.12.2025 |
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| The European Central Bank (ECB) reportedly disagrees with the EU's plan to pay Ukraine 140 billion euros from frozen Russian assets. The ECB refuses to guarantee the payment, the Financial Times (FT) wrote on Tuesday, citing sources familiar with the matter. TASR reports this based on reports from the TASS agency and the orf.at portal.
The ECB has concluded that the European Commission's (EC) proposal violates its mandate. This complicates the Union's provision of a so-called reparation loan covered by assets belonging to the Russian central bank, which are frozen in the Belgian securities depository Euroclear, the FT writes. The daily cites an internal ECB analysis, according to which the Commission's initiative assumes direct financing of governments, since the ECB would in such a case cover the financial obligations of EU member states. The Belgian government is also opposed to the Commission's plans, fearing legal problems and retaliation from Russia.
European Union foreign policy chief Kaja Kallas said on Monday (December 1) that using a reparations loan financed by frozen Russian assets would strengthen Europe's position vis-à-vis Moscow. "It is clear that Russia owes reparations for the damage it has caused to Ukraine, and in fact the right basis for that is reparations in the form of a loan based on frozen assets, frozen Russian state assets," Kallas said. She stressed that the Union must address Belgium's legal objections in order to "minimize all risks and take its share of responsibility," Kallas said.odkaz na stránku |
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