Europe
EU Advances on Russia Assets Plan as Ukraine Funding Needs Rise
Search and rescue operations at the site of a residential building, heavily damaged following a Russian missile strike in Kyiv.
Photographer: Genya Savilov/AFP/Getty Images
The European Union is making progress on a plan to provide loans to Ukraine using Russia’s immobilized central-bank assets — part of efforts to meet Kyiv’s rising financial needs as the 3 1/2-year war grinds on.
“There is a willingness to engage constructively” on the so-called reparation loans, Commissioner for Economy Valdis Dombrovskis said Saturday after a two-day meeting of EU finance ministers in Copenhagen at which the proposal was outlined.