Ukraine's war effort should be financed by a Reparations Loan raised against immobilised Russian assets, repayable only once Russia pays reparations.
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10 Sept 2025
Ursula von der Leyen quoted
Their wordsThis is Russia's war. And it is Russia that should pay. This is why we need to work urgently on a new solution to finance Ukraine's war effort on the basis of the immobilised Russian assets. With the cash balances associated to these Russian assets, we can provide Ukraine with a Reparations Loan.