EU steps up push for joint borrowing to fund Ukraine
The European Commission and several member states are pushing for joint EU borrowing to finance Ukraine as plans to use frozen Russian assets remain stalled.
The European Commission alongside several member states is intensifying efforts to build consensus around issuing joint debt to support Ukraine’s financial needs. The push for common borrowing comes as alternative plans to utilize frozen Russian central bank assets remain stalled in discussions, primarily due to reservations raised by Belgium.
With efforts to leverage immobilized Russian funds bogged down by legal and financial complexities, European officials are seeking reliable funding mechanisms to secure long-term economic assistance for Kyiv. Member states remain divided on joint debt approaches, but proponents argue shared borrowing offers a viable path forward as negotiations over asset-backed solutions drag on.
Sources: Bloomberg