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Belgium Rejects Ukraine Loan Proposal Amid EU Deadline

12/3/2025

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Summary

Story summary

Belgium's Foreign Minister Maxime Prévot calls the proposed reparations loan for Ukraine "the worst" option, citing inadequate guarantees.
European Commission President Ursula von der Leyen counters, offering guarantees including bilateral contributions and legal safeguards.
The loan aims to cover Ukraine's financial needs, estimated at €135 billion, using immobilized Russian assets.
EU leaders face a mid-December deadline to agree, coinciding with a $8.1 billion IMF program for Ukraine.

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Story summary

Belgium's Foreign Minister Maxime Prévot calls the proposed reparations loan for Ukraine "the worst" option, citing inadequate guarantees.
European Commission President Ursula von der Leyen counters, offering guarantees including bilateral contributions and legal safeguards.
The loan aims to cover Ukraine's financial needs, estimated at €135 billion, using immobilized Russian assets.
EU leaders face a mid-December deadline to agree, coinciding with a $8.1 billion IMF program for Ukraine.