EU Fears Proposing Loans for Kyiv to Member States: WSJ

EU officials are concerned that requests for voluntary contributions from member states to fund a loan for Ukraine, as an alternative to using Russian assets, may create tensions among European nations, the Wall Street Journal reports, citing sources.

On November 17, European Commission President Ursula von der Leyen sent a letter to EU leaders outlining three proposals for financing Ukraine for 2026-2027: a €90 billion loan to Kyiv through EU borrowings in financial markets, an annual contribution ranging from 0.16% to 0.27% of their GDP in 2026-2027, or the use of Russian assets worth between €185 billion and €210 billion as a basis for providing a loan to Ukraine.

Meanwhile, EU Foreign Affairs Minister Kaia Kallas stated on December 1 that several EU member states are opposed to the joint capital or debt sharing for Ukraine as an alternative to the use of Russian assets.