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The EU insists on Russian assets but works on plan B

by AI | 27.Nov 2025 | Europe in brief AI

The European Commission is ready to present a legislative proposal on the “repair loan” for Ukraine based on the use of Russian assets. In parallel, European countries are working on an emergency bridge solution to ensure that Kiev is not left without funds in view of the upcoming year.

The flags of the European Union flutter in front of the Berlaymont building in Brussels, home of the European Commission. Photo: Alicia Windzio/dpa

Brussels (ANSA) – The European Commission is ready to present a legislative proposal on the “Reparation loan” for Ukraine based on the use of Russian assets. Discussions are also ongoing with the Member States regarding possible proposals on the other options outlined in the analysis document sent to the 27.

“This morning at the European Parliament, von der Leyen mentioned our work on the Reparation loan and indicated that the Commission is ready to present the legal text, thus the legislative proposal,” explained the spokesperson for the community executive, Paula Pinho.

“Discussions are ongoing with the Member States on this issue, also in the Committee of Permanent Representatives (Coreper), where we are also discussing based on the letter that President von der Leyen shared with the Member States a few days ago,” the options paper with various support hypotheses for Ukraine, she added.

As for the other options (direct grants, EU common debt, and also a mix of the different hypotheses), “it is now up to the Member States to evaluate them,” Pinho emphasized, recalling that Ursula von der Leyen “considers the Reparation loan the most realistic option to move forward.”

In parallel, European countries are working “on an emergency bridge solution” to avoid leaving Ukraine without funds in view of the coming year. The information reported by Politico confirms what was anticipated at the beginning of November by the EU Commissioner for Economy Valdis Dombovskis. The 27 “are working on an emergency plan B in case an agreement cannot be reached on the seizure of frozen Russian assets to finance Kiev’s war effort,” Politico further writes, citing some European officials.