Im confused: If they're wanting to give Ukraine €120bn of frozen Russian funds, and rhey have that money held in a European bank (Euroclear)... why would they need a loan?
I'm guessing that "Monetary Financing" rule would apply, but I'm sure they could legislate some workaround to legally repatriate the funds to Ukraine without that rule applying.
yogthos in europe
ECB refuses to provide backstop for €140bn Ukraine loan
https://www.irishtimes.com/business/2025/12/02/ecb-refuses-to-provide-backstop-for-140bn-ukraine-loan/Im confused: If they're wanting to give Ukraine €120bn of frozen Russian funds, and rhey have that money held in a European bank (Euroclear)... why would they need a loan?
I'm guessing that "Monetary Financing" rule would apply, but I'm sure they could legislate some workaround to legally repatriate the funds to Ukraine without that rule applying.