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EU Plans €140 Billion Reparations Loan for Ukraine Using Frozen Russian Assets

10/14/2025

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Summary

Story summary

The European Union (EU) aims to use frozen Russian assets to fund Ukraine via a reparations loan, seeking consensus at a Brussels leaders' summit.
The reparations loan could total €140 billion and depend on Russia paying reparations after the war.
EU officials say swapping frozen cash for EU bonds poses no extra risk to Euroclear or Belgium.
Belgium seeks guarantees from other EU countries to share potential risks.

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Story summary

The European Union (EU) aims to use frozen Russian assets to fund Ukraine via a reparations loan, seeking consensus at a Brussels leaders' summit.
The reparations loan could total €140 billion and depend on Russia paying reparations after the war.
EU officials say swapping frozen cash for EU bonds poses no extra risk to Euroclear or Belgium.
Belgium seeks guarantees from other EU countries to share potential risks.