Russia hits back at Europe's big plan to loan Moscow's frozen cash to Ukraine

BBC News - WorldCenterEN 6 min read 100% complete December 12, 2025 at 05:43 PM

AI Summary

long article 6 min

The EU is planning to use roughly €210 billion in frozen Russian assets, primarily held by Euroclear, to help fund Ukraine's military and economy, which faces a €135.7 billion budget shortfall over the next two years. The EU aims to use the assets as a "reparations loan" to rebuild Ukraine and enable it to defend against future Russian attacks. In response, Russia has initiated legal action against Euroclear in a Moscow court, accusing the EU of theft. Belgium, where Euroclear is based, is concerned about potential financial risks and has set conditions for accepting the EU plan. The EU is working to finalize the plan before next week's summit.

Key Entities & Roles

Key Player Opposition Context

Valdis Dombrovskis 30% Friedrich Merz 40% Volodymyr Zelensky 50% Belgium ×350% Euroclear ×460% Ukraine ×670% Russia ×980%

Keywords

frozen assets 100% russia 90% ukraine 90% eu 80% euroclear 70% reparations loan 60% legal action 50% financial system 40%

Sentiment Analysis

Neutral

Score: -0.10

Source Transparency

Source

BBC News - World

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Russia

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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frozen assets russia ukraine eu euroclear reparations loan legal action financial system

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