Archive · 6 Dec 2025
Germany Pressures Belgium on EU Loan Plan for Ukraine
Germany and the European Union are trying to convince Belgium to agree to a plan that would use money that belongs to Russia, which is currently frozen in Belgium, to give a big loan to Ukraine.
Ukraine needs this money because it is running out and the United States is not helping as much as before.
Belgium is worried about legal problems if Russia sues over this.
The EU leaders are meeting soon to try and make a decision.
Some countries, like Hungary and Slovakia, are also not fully on board with the plan.
The EU is considering other options if this plan doesn't work, but some countries don't like those ideas either.
Germany and the EU are pressuring Belgium to support a plan to use frozen Russian assets to fund a €90 billion loan for Ukraine.
Belgian Prime Minister Bart De Wever is resistant due to concerns about potential legal consequences if Russia sues.
About €210 billion in Russian assets are frozen across the EU, mostly held at Brussels-based Euroclear.
Ukraine is projected to run out of money early next year, with the EU now carrying most of the responsibility for funding.
The EU is set to meet on Dec. 18 to reach a consensus on the asset proposal, with Belgium seeking legal guarantees and risk distribution.
- Who
- German Chancellor Friedrich Merz, European Commission President Ursula von der Leyen, Belgian Prime Minister Bart De Wever, and EU leaders
- What
- Pressure on Belgium to support an EU plan to use frozen Russian assets to fund a loan for Ukraine
- When
- Friday (specific date not mentioned), with a critical EU meeting on Dec. 18
- Where
- Brussels, Belgium
- Why
- To provide financial support to Ukraine, which is projected to run out of money early next year, especially as US aid has been cut off
- Amount of Russian Assets Frozen in EU
- €210 billion ($245 billion)
- Location of Most Russian Assets
- Brussels-based Euroclear
- Proposed Loan Amount to Ukraine
- €90 billion
- Estimated Budget Gap for Ukraine
- €45 billion through 2027
- EU Meeting Date to Discuss Proposal
- Dec. 18