EU: Three variants for Ukraine support

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EU: Three variants for Ukraine support
Photo: Darko Bandic/AP/TT

Pure contributions from member states, an EU loan or a loan with Russian assets as collateral are the three options put forward by the European Commission to help Ukraine.

The proposals are presented in a letter from European Commission President Ursula von der Leyen to member states on Monday, reports the news site Politico Europe.

"It is now important to quickly reach an agreement to ensure that there is consensus on the necessary financing for Ukraine at the next EU summit in December," von der Leyen writes, among other things .

The EU Commission has so far mainly tried the third option, where Ukraine is given a loan with frozen Russian state assets as collateral. However, Belgium, where the assets are physically located, remains skeptical.

To get Belgium on board, the Commission, in its review of the options, is appealing that other EU countries should provide "legally binding, unconditional and irrevocable" guarantees to ensure that Belgium will not be left alone in any future compensation proceedings.

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