The bloc has reportedly proposed a €140 billion “reparations loan” funded by profits from Moscow’s frozen assets to finance arms for Kiev
EU policymakers are weighing plans to tap frozen Russian sovereign assets to bankroll Ukraine’s war effort, prioritizing purchases of weapons manufactured in the bloc, Politico reported on Wednesday.
European Commission President Ursula von der Leyen this week proposed a €140 billion ($165 billion) “reparations loan” funded by profits from the immobilized assets, pitching it as a way to boost Europe’s defense industry by directing part of the funds to buy EU-made weapons for Kiev.
“We will strengthen our own…
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