The European Union must move forward with a plan to use the Russian frozen assets to finance Ukraine with a reparation loan immediately, the EU's ambassador to Ukraine Katarína Mathernová told Euronews in an interview on its flagship morning TV show Europe Today.

The EU is looking for ways to keep Kyiv afloat and provide a constant funding line to pay for its military and budget needs next year and 2027.

The Commission has pitched an unprecedented plan to convert the Russian frozen assets into a reparations loan for Ukraine. The Belgian government holds the key as the host of the assets' depository Euroclear but is refusing to give it the greenlight.

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"It is important to move on with the Russian frozen assets," Mathernová said o

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