By Shumaila Aslam
Bureau Chief Pakistan
Scandinavian News Agency
Finland
Ukrainian President Volodymyr Zelenskyy voiced optimism on Thursday that the European Union is close to approving a major financial aid plan for Ukraine, using frozen Russian assets to provide what he called a “reparations loan.”
“I believe the EU will soon make a political and positive decision to support Ukraine financially,” Zelenskyy said during a press briefing in Brussels, where European leaders discussed new measures to back Kyiv amid the on going conflict.
The proposal aims to channel profits from Russia’s immobilized funds in Europe toward Ukraine’s reconstruction and defense, marking a potential breakthrough in EU efforts to hold Moscow accountable while sustaining Kyiv’s economy.in Brussels, where EU leaders are holding high-level talks on the proposal.
The plan would redirect profits from immobilized Russian state assets, estimated at over $300 billion globally, toward rebuilding war-torn Ukraine and stabilizing its economy.
European officials are still debating the legal and financial framework for the initiative, but diplomats say growing consensus is emerging among EU member states to move forward with the funding plan.
Zelenskyy’s remarks come as Ukraine continues to face mounting economic pressure amid the ongoing Russian invasion, now nearing its third year.
Read more updates on EU-Ukraine financial cooperation at Scandinavian News Agency Finland.
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