Britain's plan
The United Kingdom intends to join the European Union's initiative and unfreeze 8 billion pounds sterling of frozen Russian assets to provide financial support to Ukraine.
The question of using these funds was discussed on December 3 during a meeting of NATO foreign ministers in Brussels, but the exact mechanism for their use has not yet been agreed.
A coordinated plan is needed for the use of Russian assets
– Yvette Cooper, UK Foreign Secretary
EU funding options
The European Commission presented two main options to cover Ukraine's needs for 2026–2027:
- a reparations loan secured by frozen Russian assets;
- loans on behalf of the EU backed by the Union's budget guarantees.
Belgium opposes the reparations loan because most of the seized funds are on its territory. Hungary categorically objects to any financial assistance to Ukraine. A final decision is to be made at the EU summit on 18–19 December.
