UK and Canada may provide their own "reparations loans" to Ukraine – EU commissioner

The United Kingdom and Canada, which also hold frozen Russian assets, could provide Ukraine with financing based on the model of "reparations loans" proposed by the European Commission.

Source: European Pravda, citing European Commissioner for Economic Affairs Valdis Dombrovskis in a conversation with journalists

Details: According to Dombrovskis, the UK and Canada have already stated that they are interested and willing to take a similar approach to the "reparation loans" model that is associated with frozen Russian sovereign assets on their territory.

Dombrovskis also mentioned that the European Commission is also communicating with the Japanese authorities on the same issue.

Background:

• Ukrainian President Volodymyr Zelenskyy called on the European Union to overcome differences regarding the use of frozen Russian assets, asserting that maintaining the fight against Moscow requires the new funding.
• The plan's approval was delayed before because Belgium had reservations about it, which is where most of the Russian assets in the EU are stored.
• The EU guaranteed that the issue of using Russia's frozen assets for financial aid to Ukraine has not been removed from the agenda, and the final decision will be made in December 2025.

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