European Commission President Ursula von der Leyen has outlined three financing options for Ukraine in a letter to EU governments, emphasizing the potential use of frozen Russian assets for a loan. The options could also be combined, according to von der Leyen.

EU leaders recently agreed to support Ukraine for the next two years but have not finalized a method for using Russian assets, mainly due to Belgium's concerns. Von der Leyen's letter highlights the urgency of a decision needed by December's European Council meeting.

The European Commission proposes financing through member state grants, a Union-funded market loan, or a loan linked to immobilized cash assets. These options are flexible and could bridge funding until the long-term budget comes into effect in 2028.

(With inputs fro

See Full Page