Czech Republic Not Planning to Allocate Funds for Ukraine's Financing

The Czech Republic does not intend to guarantee financing for Ukraine, announced Prime Minister Andrej Babiš. He made this statement on his X social media page.

According to the head of the Czech government, the European Commission (EC) needs to find alternative ways to finance Ukraine. “We have no money for other countries. The European Union must resolve this issue differently. We will not guarantee anything and will not send money there,” Babiš emphasized.

On December 3, the EU approved a so-called €165 billion “compensation loan” program for Ukraine through the seizure of frozen Russian assets. Commission President Ursula von der Leyen stated that these funds are intended to cover Kyiv's financial needs for the next two years. However, Belgium, where most of Russia's frozen assets are held, has opposed the initiative.

According to Politico, the European Commission expects three countries—Italy, Germany, and France—to bear the bulk of the burden of providing loans to Ukraine through Russian assets.

It is also noted that Slovakia previously announced that it would not allow a “compensation loan” to be provided to Ukraine.