Frozen Russian assets held within the European Union should be used to provide Ukraine with a reparations loan in 2026-2027 to finance its budgetary and military needs, as suggested by Sweden and Finland. “Ukraine’s unmet financing needs for 2026 and 2027 are estimated at €30 billion, with budgetary and military support needs. “Sweden and Finland are strong advocates for increasing support to Ukraine and we welcome the Commission’s work on providing a Reparations Loan to Ukraine, utilising the immobilised Russian assets to the largest extent possible. Sweden and Finland are convinced that Russian assets should remain frozen until Russia ceases its aggressive war and compensates Ukraine for the damage caused. Background:On 26 September, it was reported that the European Commission has proposed that EU member states use frozen Russian assets to finance a new loan for Ukraine worth €140 billion.