EU Proposes Using Frozen Russian Assets to Fund Ukraine’s Defense via U.S. Weapons
The European Union is actively considering a new approach to support Ukraine in its fight against Russian aggression.
According to credible sources, including ‘European Pravda,’ the EU proposes directing part of a ‘reparations loan,’ based on frozen Russian assets, toward purchasing modern weapons produced in the United States.
This idea was announced by EU representatives during a meeting with diplomats on Friday, October 17, and is part of a broader strategy to leverage the assets frozen in connection with Russia’s financial system.
The plan emerged amid unexpected diplomatic meetings between U.S.
President Donald Trump and Russian leader Vladimir Putin in Hungary, which surprised many European allies.
Officials indicate that the funds from the Central Bank of Russia’s frozen assets, amounting to €140 billion, could be used to create a ‘reparations credit’ to aid Ukraine.
According to internal EU documents obtained by ‘Financial Times,’ a significant portion of these funds will be allocated for arms procurement, supporting Ukraine’s defense industry, as well as European allies’ militaries.
While France advocates for prioritizing European-made weapons, the European Commission remains open to cooperation with international partners committed to providing additional support to Ukraine.
Diplomats emphasize that this move is strategic to keep the U.S.
engaged and involved through large arms procurement contracts.
Furthermore, the EU urges G7 countries and others to intensify their support, particularly by utilizing frozen Russian assets within their jurisdictions.
The UK and Canada have already expressed readiness to join and contribute to this initiative.
The concept of a ‘reparations loan’ entails Ukraine starting repayments only once the war ends and Russia pays post-war reparations.
This approach is not about confiscation but about using frozen assets as a transitional step towards long-term recovery, peace, and stability for Ukraine.