Estonia, Ireland, Latvia, Lithuania, Poland, Finland and Sweden have sent a letter to European Commission President Ursula von der Leyen and European Council President António Costa expressing their support for the Commission’s proposal to provide a reparations loan to Kyiv, financed from the European Union’s frozen Russian assets, Deutsche Welle reported.
“This solution is not only the most financially appropriate and politically realistic, but it also upholds the fundamental principle of Ukraine’s right to compensation for the damage caused by the aggression,” the letter states.
The authors emphasize that if a decision on the compensation loan is reached at the EU summit in December, Ukraine will be in a stronger position to defend itself and negotiate a “just and lasting peace.”
Meanwhile, Politico reported that EU member states will need to provide billions of euros in guarantees to support loans to Ukraine of up to €210 billion, of which Germany could contribute up to €52 billion. The European Commission presented these figures after proposing a €165 billion “reparations loan” to Ukraine based on frozen Russian assets.
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