Seven EU countries supported a reparations loan to Ukraine from Russian assets.

According to ТСН: Leaders of seven European countries expressed readiness to "work constructively" with the leaders of the European Commission and the European Council, Ursula von der Leyen and António Costa, regarding the provision of a reparations loan to Ukraine. This loan is planned to be financed from the remaining frozen Russian assets in the EU.

In a joint letter from European leaders, it is noted that since the beginning of Russia's full-scale invasion in 2022, Europe has consistently supported Ukraine.

"We do this because it is morally right, and also because Russia's imperial ambitions threaten European security beyond Ukraine. Thus, Ukraine is also fighting for our freedom and our values. We seek to find long-term reliable support that will strengthen Ukraine,"

— the letter states.

Given the scale and urgency of Kyiv's needs, European leaders confirmed that they "firmly support the European Commission's proposal for a reparations loan to be financed by the remaining frozen Russian assets in the EU."

"Besides being the most financially feasible and politically realistic solution, it also aligns with the fundamental principle of Ukraine's right to compensation for damages caused by aggression. Time is of the essence. By reaching a resolution on the reparations loan at the European Council meeting in December, we have the opportunity to place Ukraine in a stronger position for self-defense and a better position to negotiate a fair and lasting peace,"

— politicians add.

Leaders assured that they are "ready to work constructively" with the European Commission and the European Council "to achieve this goal."

The letter was signed by: Estonian Prime Minister Kaja Kallas, Finnish Prime Minister Petteri Orpo, Irish Prime Minister Micheál Martin, Latvian Prime Minister Krišjānis Kariņš, Polish Prime Minister Donald Tusk, Swedish Prime Minister Ulf Kristersson, and Lithuanian President Gitanas Nausėda.

It is worth noting that Belgium, where most of the frozen Russian funds (around 189 billion euros) are held, rejected the European Commission's plan. The European Central Bank also did not support it. Meanwhile, Germany and most EU countries approved this idea. EU authorities hope to reach an agreement on a reparations loan for Ukraine by the end of the year.

In addition, the US urged Europe not to allocate a "reparations loan" to Ukraine from Russian assets. This indicates the complexity of the situation and the need for a balanced approach to financial assistance to Ukraine.