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Talk of the town | Armor
Published on: 28. October 2025

Reparation loans: Four options for financing Ukraine

The Commission must persuade Belgian Prime Minister Bart De Wever before the summit in December. (picture alliance / ZUMAPRESS.com | Nicolas Landemard)

The EU Commission and member states are still hoping to persuade Belgium of the merits of a reparations loan. However, they are also looking at alternative options such as including Russian funds in other member states or Eurobonds.

Janos Allenbach-Ammann
Stephan Israel

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Last updated: 28. October 2025

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