The European Parliament has endorsed the use of Russian assets to provide Kyiv with a reparations loan.

“The Best is the Enemy of the Good” – The Case for a British, French and German Trilateral Repurposing of Russian Assets - Progressive Britain

This famous quote is too often ignored in Whitehall, especially when it comes to legal advice. As Ministers and senior officials wrangle over the forthcoming Budget one source of additional funds is now being actively considered. This is to repurpose all of the Russian assets (and not just the interest) currently frozen both in the UK and the rest of Europe. Since the second invasion of Ukraine in Feb 2022 the official Government line has been t…

The European Parliament has endorsed the use of Russian assets to provide Kyiv with a reparations loan.

The EP has urged EU member states and the G7 to quickly approve the European Commission’s plan to establish a new mechanism to finance Ukraine’s military needs. This innovative financial and legal solution would allow for the use of frozen Russian assets to support Kyiv through a reparations loan. The scheme includes these steps: Frozen Russian assets (approximately €300B) are used as collateral. Using these assets, a substantial funding packag…