Business & Economics
EU Unveils Contested Plan to Seize €210 Bln in Russian Reserves for a €140 Bln Ukraine “Reparations Loan”
On 3 December 2025 the European Commission formally tabled legislation to collateralise a €140 billion zero-interest loan to Kyiv by confiscating all €210 billion of frozen Russian sovereign assets, immediately drawing veto threats from Belgium and a legal rebuff from the European Central Bank.