The creative ‘reparations’ loan plan for Ukraine
Europe is finding ways to step up to finance Kyiv’s and its own defence
Europe is finding ways to step up to finance Kyiv’s and its own defence

A €90bn Ukraine loan should mark the beginning of a more decisive and ambitious EU

Proposal for ‘reparations’ funding for Ukraine using immobilised Russian assets would be seen as ‘confiscation’

Negotiations come as London and Brussels seek closer defence alignment in wake of Trump threats

Money to be borrowed against bloc’s budget after leaders fail to agree on proposal using Moscow’s funds

The proposed reparation loan is a step forward but remains full of contradictions

When it came to using frozen Russian assets as leverage, the EU blinked