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EU to Debate Using Frozen Russian Assets for Ukraine's €506B Recovery

12/12/2025

Summary

Story summary

The European Council will revisit the proposal to use frozen Russian assets for a reparation loan to Ukraine on December 18-19.
The loan would support Ukraine's reconstruction, estimated at €506 billion.
Belgium and Euroclear oppose the plan, and Euroclear's Valerie Urbain says she will challenge the decision in court.
The European Commission's proposal includes state guarantees as leaders pursue asset confiscation despite legal and financial concerns.

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Story summary

The European Council will revisit the proposal to use frozen Russian assets for a reparation loan to Ukraine on December 18-19.
The loan would support Ukraine's reconstruction, estimated at €506 billion.
Belgium and Euroclear oppose the plan, and Euroclear's Valerie Urbain says she will challenge the decision in court.
The European Commission's proposal includes state guarantees as leaders pursue asset confiscation despite legal and financial concerns.