war financing

The European Commission approved a legal framework on December 3 to use frozen Russian assets for reparations loans to Ukraine, largely addressing Belgium’s concerns.

The EU is considering a major “reparations loan” for Ukraine, backed by frozen Russian assets, potentially worth €130–140 billion, pending IMF assessment of Ukraine’s needs.

Internal audits found Ukraine’s Defence Procurement Agency overpaid billions, signing inflated weapons contracts despite cheaper offers from competing firms.