The European Commission is preparing a special document outlining additional financial instruments to support Ukraine. Among the main options being considered are joint debt and bilateral grants aimed at helping to close the funding gap for assistance to Ukraine. These mechanisms are planned to be added to the already discussed reparations loan of 140 billion euros, which initiative involves the use of frozen Russian assets located in Belgium.
This is reported by Finway
Support for the Reparations Loan Among EU Countries
Despite Belgium’s refusal to support the reparations loan during the EU leaders’ summit in October, this mechanism remains a priority for the European Commission. A significant number of EU member states, including Germany and the Baltic countries, endorse this proposal and advocate for the active implementation of the mechanism.
“The reparations loan is the best option for supporting Ukraine for the EC, despite Belgium’s refusal to back this mechanism at the EU leaders’ summit in October. Many EU countries, including Germany and the Baltic states, support this idea.”
Norwegian Initiative for Funding Participation
Meanwhile, calls are growing in Norway to utilize its sovereign fund of 1.8 trillion euros to participate in providing a reparations loan to Ukraine alongside the EU. Support for this proposal has already been expressed by five political parties in Norway, three of which are part of Prime Minister Jonas Gahr Støre’s coalition. In response to discussions within the EU, Støre has tasked a review of the possibilities for Norway’s involvement in the reparations loan mechanism.