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EU's Kallas: EU working as fast as possible on Ukraine reparation loan
Published by Global Banking and Finance Review
Posted on October 1, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 1, 2025
1 min readLast updated: January 21, 2026
EU's Kaja Kallas urges quick action on Ukraine reparations loan, focusing on using Russian assets to avoid taxpayer burden.
BRUSSELS (Reuters) -European Union's top diplomat Kaja Kallas said on Wednesday that even though not all member states are not supporting the plan to use Russian assets to finance the Ukraine reparation loan, the EU was working as fast as possible to reach an agreement.
She insisted on the need to use the seized Russian assets to finance the war reparations to be paid ultimately to Ukraine.
"If we don't take these (Russian) assets into account then it is on our taxpayers, that's for sure," she told reporters in Copenhagen.
(Reporting by Inti Landauro)
A reparation loan is a financial arrangement where funds are provided to compensate for damages or losses incurred, often as a result of conflict or war, aimed at supporting recovery efforts.
Seized assets refer to properties or funds that have been confiscated by authorities, typically due to legal actions or sanctions, and can be repurposed for various uses, such as financing reparations.
The European Union plays a crucial role in facilitating financial agreements among member states, coordinating economic policies, and providing funding for initiatives such as loans for reparations.
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