The European Union's (EU) High Representative for Foreign Affairs and Security Policy, Kaja Kalas, assessed today that this week is decisive for financing Ukraine, the Parisian newspaper Le Figaro reported on its website.
"The week starting in Brussels will be decisive for Ukraine and the financing of its war against Russia," said Kaja Kalas.
She made the remarks ahead of an EU summit on Thursday and Friday, where leaders will decide on how to finance Ukraine.
According to her, negotiations between the 27 member states regarding frozen Russian assets are continuing, but are becoming "increasingly difficult."
EU countries are considering using frozen Russian assets to finance "reparations loans" for Ukraine, but several countries have expressed disapproval, starting with Belgium, where the bulk of those Russian assets are located in Europe.
"The most credible option is a reparations loan and we are working on that. But we are not there yet and it is becoming increasingly difficult," Kaja Kalas admitted.
In addition to using frozen Russian assets, the European Commission has proposed another option - the issuance of European bonds, Le Figaro recalled.
However, several member states, especially Germany, are opposed to this, the Paris newspaper added.
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