“There is a willingness to engage constructively” on the so-called reparation loans, EU Commissioner for Economy Valdis Dombrovskis said after a two-day meeting of EU finance ministers in Copenhagen on Sept. 19-20, as reported by Bloomberg. “We are proposing that Russia’s claim on those assets remains in place, but we’re using cash balances which have accumulated.”Western countries have generated about €175 billion ($206 billion) from Russia’s frozen assets. Attention is focused on the EU’s ERA Loans program – a $50 billion aid package funded by G7 countries and the EU using frozen Russian assets as collateral. Earlier, the EU announced €6 billion ($7 billion) in support for Ukraine’s drone production, funded by interest generated from frozen Russian assets. The EU froze roughly €200 billion ($232 billion) of Russian central bank assets in 2022, with about 90% held by Belgium-based Euroclear, which settles securities trades.