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politics23h ago
Russian assets proposal: 5 main takeaways
- The European Commission proposed a €210 billion package to fund Ukraine, largely from frozen Russian assets.
- EU will lend €165 billion to Ukraine, repayable after Russia ends the war and pays reparations.
- Defence spending gets €115 billion, with €50 billion reserved for Kyiv’s budget under the reparations loan.
- Belgium would provide bilateral guarantees up to €105 billion until 2028 to back the loan.
- A liquidity mechanism would help ensure guarantees can be paid out quickly.
- Hungary’s potential veto risks blocking unanimity for some financing options.
- The plan aims to keep Russian assets frozen by potentially invoking Article 122 to block returns.
- The package could be financed via joint EU debt if needed, though unanimity is required.
- The funds would be disbursed in five-year tranches with anti-corruption safeguards.
- The plan could influence Ukraine’s negotiation position by increasing pressure on Russia.
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