Headlines
New Czech prime minister rejects guarantees for Ukraine loan
Published by Global Banking and Finance Review
Posted on December 13, 2025
Last updated: January 7, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 13, 2025
Last updated: January 7, 2026
PRAGUE, Dec 13 (Reuters) - The Czech Republic will not take on any guarantees for Ukraine financing, incoming Czech Prime Minister Andrej Babis, who will take power on Monday, said on Saturday, adding that the European Commission must find alternative ways of supporting the country.
EU leaders will discuss next week a complex scheme for a loan to Ukraine that would use frozen Russian assets but also involve national guarantees.
"We will not take guarantees for anything nor put any money in," Babis said in a video posted on social networks.
(Reporting by Jan Lopatka; Editing by Jan Harvey)
A loan is a sum of money that is borrowed and is expected to be paid back with interest over a specified period.
The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
Frozen assets are financial assets that have been restricted from being accessed or transferred, often due to legal or regulatory actions.
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