Overview
- Commission documents show national guarantees would backstop the plan, with Germany expected to cover roughly €51–52 billion, France about €34 billion and Italy about €25 billion.
- Seven leaders from Estonia, Finland, Ireland, Latvia, Lithuania, Poland and Sweden urged swift approval of the reparations‑loan proposal ahead of the Dec. 18–19 summit.
- Euroclear CEO Valérie Urbain warned the scheme is legally doubtful under sovereign immunity, risks financial stability, and could be challenged in court.
- About €210 billion in Russian sovereign assets are frozen in Europe, roughly €185 billion of which sit at Euroclear in Belgium, placing legal and financial exposure on Belgian authorities.
- EU and NATO leaders are set to discuss Ukraine funding with Volodymyr Zelensky in Brussels, as Russia denounces the plan and threatens retaliatory steps.