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EC seeks flexible solution for financing Ukraine over the next two years

Brussels prepares alternatives to the use of frozen Russian assets

Снимкa: БГНЕС

The European Commission is showing flexibility in seeking a solution for financing Ukraine over the next two years. This was stated by an EC spokesperson during a press conference, in response to questions related to the information that the European Central Bank does not support the use of frozen Russian assets for this purpose, News.bg reports.

According to him, EC President Ursula von der Leyen has outlined three possible approaches, and the final solution may be a combination of them. The spokesperson specified that alternative options are currently being sought, taking into account the concerns expressed. The aim is for the future decision not to contradict the international commitments of the European Union and the European institutions.

He added that the EC's proposal to provide a loan to Kiev related to Russian property could be presented as soon as possible.

As previously announced, the EU intends to provide a loan to Ukraine in the amount of 140 billion euros. Until now, the Commission had given priority to the option of providing the funds from the seized assets of the Russian Central Bank. However, Belgium objected to this approach, which was meanwhile warned by the Russian authorities not to allow such a step.

In early October, ECB President Christine Lagarde stressed that any EU decision on this issue must be in full compliance with international law.