Another EU debt to Ukraine. Brussels is looking for EUR 45 billion

EU finance ministers are talking today about where to get the money. NATO Secretary General Mark Rutte also participates in the meeting.

There are two solutions on the table: joint EU debt secured by its budget or the use of frozen Russian assets. The first option, i.e. issuing further EU bonds and transferring the money obtained to Ukraine, is becoming more and more likely.

Poland is among the countries supporting the use of frozen Russian assets. When asked whether joint debt secured by Russian assets is one of the main options, Dombrovskis replied: This is, of course, one of the main options that we are currently analyzing and working on. The commissioner added that he was "cautiously optimistic" that additional money would be found.

Belgium remains an obstacle. There are approximately EUR 185 billion of Russian assets in the Euroclear depository in Brussels. Belgium is afraid of legal and financial responsibility for their use and demands guarantees from other EU countries.

At the same time, Poland must decide by the end of the month whether it will benefit from the second recruitment of the SAFE program. There is EUR 21.3 billion to be distributed, but Finance Minister Andrzej Domański admits that Warsaw has not made a decision yet. The European Commission is pressing countries to include cooperation with Ukraine and joint production of weapons in new projects.

EU leaders are to return to the issue of financing Ukraine at a special summit on November 26 and 27.