The European Commission proposed a “Reparations Loan” to Ukraine on Wednesday. Some of the funding would come from European financial institutions that hold frozen Russian funds.
They would issue loans backed by their budget. However, they would also give Ukraine loans backed by Russian assets.
The Tin Gods of the EU
It would allocate about 90 billion Euros to Ukraine to aid in its effort to repel Moscow’s invasion. They would just give money without a plan.
France, Spain, and Italy spent almost no money on Ukraine. UK doesn’t have much and Germany has already planned how they will spend their 11 billion. They want to keep the war going without contributing.
President Trump wants to establish peace and Europe wants to take funds from Russians that are in European banks to continue the war. Some of the money belongs to the Russian government, but much of it belongs to Russian investors.
Commissioner von der Leyen said it would cover Ukraine’s expenses and their “defense.”
Hellbound and Down 