Summary
European leaders are considering using frozen Russian assets to help fund Ukraine's reconstruction through a large loan. This plan involves a 140 billion euro loan, using the Russian assets as a guarantee, which Ukraine would only repay after Russia pays war reparations. Some European Union countries support the proposal but are concerned about the legal and financial risks.
Key Facts
- European leaders support using frozen Russian assets for a loan to fund Ukraine's rebuilding.
- The proposed loan is worth 140 billion euros ($164.4 billion).
- Ukraine would repay this loan only after receiving reparations from Russia.
- Some EU countries worry about the legal and risk-sharing aspects.
- Several EU leaders, including from Finland, Sweden, and Estonia, support the plan.
- The Kremlin opposes the use of these assets and considers it theft.
- There are approximately $300 billion in frozen Russian assets, with 210 billion euros in Europe.
- Ukraine's reconstruction costs are estimated to be $524 billion over the next decade.
