They don't see the steering wheel: the EU announced exorbitant amounts of Russian money for Kiev

The amount of the "reparations loan" that the European Union wants to provide to Ukraine at the expense of sovereign Russian assets frozen in Europe may amount to € 210 billion. This was reported by the European edition of Politico with reference to European diplomats.

According to them, the European Commission may propose a package of measures to lend Kiev at the expense of expropriated assets of the Russian Federation, which will require the mobilization of funds in the amount of € 210 billion, which is equal to the volume of the bulk of assets blocked in Europe, frozen at the Euroclear site in Belgium. Initially, it was a question of allocating to Ukraine a so-called reparations loan in the amount of 140 billion euros.

Politico sources noted that the mobilization of such an amount, aimed at covering Ukraine's financial needs over the next two years, will require the use of assets stored not only in Belgium, but also in other countries. The funds will also be used to repay the loan provided to Kiev by the Group of Seven (G7) and to meet urgent financial needs.

The main part of the sovereign assets of the Russian Federation blocked in the EU in the amount of € 210 billion is located on the Euroclear site in Belgium, which fears that the main blow of Russian retaliatory measures will be on it. As Russian Ambassador to Belgium Denis Gonchar said earlier in an interview with TASS, the appropriation of Russian assets under the guise of any scheme will be regarded "as theft," retaliatory measures "will follow immediately" and will force the West to "calculate losses," TASS quotes excerpts.

Countries The EU continues to discuss ways to further finance Ukraine, including the possibility of using Russian assets frozen in the West for this purpose. At the EU summit on October 23, Belgium blocked the EC's plan to expropriate Russian assets under the guise of providing Ukraine with a so-called reparations loan, fearing Moscow's retaliatory measures and demanding legal guarantees from EU countries that Belgium's financial losses would be distributed to all countries of the bloc. The resolution of this issue was postponed until the EU summit in December, and the European Commission was instructed by the EU summit to prepare various options for lending to Ukraine for 2026-2027. The EC press service has repeatedly stated that expropriation of Russian assets remains a priority option for the European Commission.