European Commission working on "reparations loans" for Ukraine, official calls them "even more urgent now"
The European Commission is continuing its work on a project to grant Ukraine "reparations loans" based on frozen Russian assets in 2026-2027, despite ongoing negotiations on a peace plan for Ukraine.
Source: Paula Pinho, European Commission Chief Spokesperson, during a briefing with journalists in Brussels on 24 November, as reported by European Pravda
Details: The European Commission continues to keep "reparations loans" for Ukraine, drawn from Russian assets frozen in the EU, on its agenda.
Quote from Pinho: "On the reparations loan... the work continues on our side as was envisaged."
More details: Amid initial discussions on a peace plan for Ukraine, Pinho emphasised that work on providing Ukraine with "reparations loans" is becoming "even more urgent now, also against this background".
Background:
- European Pravda reported that the initial version of the "peace plan" for Ukraine, released by the media, suggested that the Russian funds frozen in Europe should be released.
- Russia's leader Vladimir Putin has said he sees the first draft of the "peace plan", prepared together with the Trump administration, as a possible basis for a "final peace settlement".
- Meanwhile, the European Union insists that it is the EU that must take decisions concerning the future of EU sanctions against Russia, Russia's frozen assets and the prospects of EU enlargement.
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