The European Commission has not abandoned the idea of presenting this week its proposal aimed at guaranteeing financing for Ukraine for 2026 and 2027, potentially by means of a ‘Reparations Loan’ optimising the use of Bank of Russia assets immobilised in the European Union since February 2022.
The provision of public loan guarantees by Member States and/or the EU budget is a central element of the preparatory discussions.
Belgium, which hosts the Euroclear central securities depository...