European Commission President Ursula von der Leyen presented new proposals to support Ukraine in Brussels. This was reported by Zamin.uz.
According to her, Ukraine will need 137 billion euros in 2026-2027 to maintain economic stability and ensure the functioning of the state system. Two-thirds of this amount, that is 90 billion euros, is planned to be provided by the European Union.
The remaining part will be covered by international partners. Ursula von der Leyen emphasized that the European Union will remain a reliable partner for Ukraine.
The European Commission is proposing two options for financing. The first option involves the unanimous decision of the European Union member states to allocate a joint loan.
This loan will be raised from capital markets backed by the European Union budget guarantee. The second option envisions providing a reparations loan from Russia's frozen assets in the European Union.
This loan would be repaid by Ukraine only after Russia makes reparations payments. This proposal is being sharply criticized by Belgium, as Russia's frozen assets amounting to 185 billion euros are held in the Euroclear depository located in Belgium.
European Commissioner for Economy Valdis Dombrovskis emphasized the compliance of the proposals with international law and respect for sovereign immunity principles. These proposals submitted by the European Commission will be discussed at the European Union Summit on December 18-19.
If one of the proposals is accepted, the legislative process for allocating funds could be completed by early 2026.
