None
EN
Why the EU’s ‘reparation loan’ for Ukraine faces default
['Thomas Moller-Nielsen']
Euractiv
But Brussels’ call for a special “reparation loan” to Kyiv is now regarded by several key players as a potentially rehashed remedy that could, eventually, morph into a major new problem.
More important, Ukraine would only need to pay back the loan if Moscow agreed to war reparations for Kyiv.
The arrangement, in theory, would allow fiscally strained EU states avoid coughing up money to support Ukraine’s war effort and reconstruction.
The reparation loan plan would rely on a specific segment (Article 31, Paragraph 2) of the Treaty on European Union, which states that the Council can act by “qualified majority” for decisions relating to the bloc’s “strategic interests and objectives”.
European officials cautioned that the divisions over the reparations loan were unlikely to be resolved during Wednesday’s meeting.