EU leaders consider using seized Russian assets to fund a loan to Ukraine

EU leaders are considering using frozen Russian assets to fund long-term financial and military support for Ukraine, covering part of the estimated €130 billion ($153 billion) Ukraine will need for 2026–2027.

The European Commission is proposing a “reparation loan” backed by these assets, though not all EU members have agreed.

Russia has condemned the plan as “theft,” while Commission President Ursula von der Leyen stressed it would be a loan for Ukraine to repay if Russia provides reparations, the Associated Press has reported.

The initiative underscores the EU’s push to support Ukraine independently amid limited U.S. aid under former President Trump.