European Commission proposes two solutions for Ukraine's financing needs in 2026-2027; proposes EU borrowing and a reparations loan as solutions with a set of five legal proposals

EU borrowing would rely on headroom in EU budget, reparation loan based on immobilised CBR assets.
EU's Ukraine financing package includes a proposal to prohibit any transfer of immobilised Russian central bank assets back to Russia.
EU's Ukraine package includes two proposals that put in place important safeguards for the reparations loan.
EU's Ukraine package includes proposed amendment to allow the use of the EU budget to underpin the loan to Ukraine.
EU Commission proposes in this Ukraine package, covering all financial institutions that have accumulated cash balances from immobilised Russian assets in the EU.