EU delays decision on Russian assets for Ukraine: what does it mean.

According to ТСН: At the summit in Brussels, EU leaders decided to postpone the discussion on the use of frozen Russian assets for financial support to Ukraine. This decision was made to give technical teams involved in the negotiations more time to reach a compromise.

According to available data, the possibility of using frozen Russian assets in Europe to provide Ukraine with reparations loans is being considered. Ukrainians will only start repaying it after Russia begins to pay reparations.

Negotiations on funding

President of the European Council Antonio Costa changed the agenda of the summit, postponing the most difficult issue. If an agreement on financing Ukraine cannot be reached on the same day, discussions will continue the next day.

Alongside the official sessions, intensive negotiations are taking place behind the scenes. The European Commission is consulting with leaders of individual countries to overcome resistance and create a funding mechanism that cannot be blocked.

Critical negotiations

Important consultations are being held in the corridors between the European Commission and the Prime Minister of Belgium, Bart De Wever. This meeting is crucial for resolving the discrepancies that are delaying the approval of the Ukrainian package.

It is noted that EU authorities are trying to convince Belgium that the guarantees developed minimize the legal and financial risks of confiscating Russian assets. Brussels' position is critically important, as most frozen Russian funds are held in the Belgian depository Euroclear.

The question of Ukraine has been postponed to avoid disputes in the public domain. The goal of this pause is to move the discussion to an informal setting, which could significantly ease the search for compromise and prevent the blocking of aid.

Bulgarian Prime Minister Rosen Zhelyazkov stated that his country would support the use of frozen Russian assets to assist Ukraine, but only with the agreement of other EU countries.

At the same time, Polish Prime Minister Donald Tusk called this

a turning point in the use of frozen Russian assets to assist Ukraine.

President of Ukraine Volodymyr Zelensky emphasized that

if Ukraine does not receive a reparations loan

Discussions on financing Ukraine remain a focal point for European leaders. The ability to reach a consensus will determine not only support for Ukraine but also the stability of the situation in the region. The next decisions could significantly impact the course of events and create conditions for greater economic assistance to the Ukrainian side amid current challenges.