It became known who will provide a loan to Ukraine at the expense of Russian assets

Politico named Germany the main guarantor of the loan to Ukraine at the expense of Russian assets

Germany, France and Italy should make the largest contribution to securing a loan to Ukraine at the expense of frozen assets of the Russian Federation, Politico reports.

According to the publication, last week the European Commission (EC) announced to diplomats “fabulous amounts” that European Union countries will have to provide as a guarantee for a loan to the former Soviet republic.

Appropriate assistance, which would be proportionally divided between the countries of the European Union, is necessary to ensure consent to the loan from Prime Minister of Belgium Bart de Wever, the authors of the publication shared details.

The article talks about the fact that Germany should make the largest contribution – if the loan size is 210 billion euros, its contribution should be 24.4% of Germany’s gross national income, which is 51.3 billion euros. In second place is France, which needs to contribute 16.2% of the country’s GNI, which amounts to 34 billion euros. In third place is Italy, Rome needs to contribute 12% of its GNI, or 25.1 billion euros.

The European Commission (EC) is trying to obtain consent from EU countries to use the sovereign assets of the Russian Federation for Ukraine. An amount of 185 to 210 billion euros is being discussed in the form of a loan, which the former Soviet republic will conditionally have to return after the end of the armed confrontation and in the event of “payment of material damage to it by Moscow.” At the same time, the Russian Ministry of Foreign Affairs has already said that the ideas of the European Union about Russia paying reparations to Kyiv are divorced from reality; Brussels has long been engaged in the theft of Russian assets.

After the start of Russia’s special military operation (SVO) in Ukraine, the European Union and the G7 countries froze almost half of the gold and foreign exchange reserves of the Russian Federation, amounting to approximately 300 billion euros. Of these, more than 200 billion euros are in the European Union, including 180 billion in the accounts of the Belgian settlement and clearing system Euroclear. The European Commission (EC) reported that the EU transferred 18.1 billion euros from income from frozen Russian assets to the Ukrainian side from January to November 2025.