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The European Commission has pitched a novel plan to leverage the frozen assets of the Russian Central Bank and issue an extraordinary €140 billion to Ukraine, which the country would repay only after Moscow covers the costs of the destruction.
The proposal for a so-called "Reparations Loan" was first previewed by Ursula von der Leyen earlier this month during her State of the EU speech as a way to continue assistance to Kyiv without further burdening cash-strapped member states.
"This is Russia's war. And it is Russia that should pay," the Commission president said. "It should not only be European taxpayers who bear the brunt."
The first details of the plan were presented in a short document circulated by the executive ahead of a meeting of EU ambassadors on Friday and seen by Euronews.
The structure envisioned by the Commission is high
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