EU plan to channel Russia’s frozen assets to support Ukraine
The European Union is preparing a novel way to finance Ukraine’s war and budget needs in 2026 and 2027 by mobilizing frozen Russian central bank assets—without crossing the legal red line of outright confiscation. The plan, centered on Euroclear in Belgium and a European Commission-issued “Reparations Loan,” aims to turn immobilized Russian funds into immediate support for Kyiv while preserving Moscow’s legal claim to its principal.
At stake is up to €165 billion of the roughly €210 billion in Russian sovereign assets frozen…