European Commissioner for Defence and Space Andrius Kubilius has announced the Defence Readiness Roadmap 2030, which includes a provision for the adoption of a law on reparation loans to Ukraine using Russian immobilized assets. This legislative step is set to be completed by the end of the year. Kubilius emphasized that Ukraine has been a critical partner for the EU’s defense, and this initiative aims to ensure financial support through repatriated assets. The plan involves coordinating with global partners to secure the necessary legal frameworks to facilitate the repatriation process.
The proposal was highlighted during a discussion on the EU’s strategic priorities for defense preparedness. Kubilius stated that the law will enable the EU to channel reparations to Ukraine, ensuring the country’s continued support in the conflict. He also mentioned that this measure will help strengthen EU-Ukraine cooperation and enhance regional security. The initiative is part of a broader effort to address the financial and humanitarian needs of Ukraine amidst the ongoing conflict.
Analysts suggest that the legislation could have significant financial implications for the EU, as it may set a precedent for using assets from adversarial regimes for reparations. However, challenges in legal and political negotiations may arise, particularly with countries that have differing views on how to handle such assets. Despite these potential obstacles, the commitment to implement the law underscores the EU’s determination to support Ukraine and maintain a robust defense posture in the region.