EU chief insists using Russian assets best way to fund Ukraine

European Commission President Ursula von der Leyen arrives to attend a debate on the new 2028-2034 Multiannual Financial Framework at the European Parliament in Brussels. (AFP)
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Updated 13 November 2025
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EU chief insists using Russian assets best way to fund Ukraine

  • The 27-nation bloc is scrambling for funds to help Kyiv plug looming budget black holes as Russia’s war drags on toward a fourth year

BRUSSELS: EU chief Ursula von der Leyen insisted Thursday that using frozen Russian assets to fund a new loan was the “most effective way” to finance Ukraine, as she laid out other options after opposition from Belgium.
The 27-nation bloc is scrambling for funds to help Kyiv plug looming budget black holes as Russia’s war drags on toward a fourth year.
Von der Leyen’s executive has put forward a plan to use Russian central bank assets immobilized in Belgium to generate a 140-billion-euro “reparations loan” for Ukraine.
But that has so far faced opposition from the Belgian government that fears it could face legal reprisals from Moscow.
“We are working closely with Belgium, and all member states, on options,” von der Leyen told EU lawmakers.
She remained adamant the frozen assets plan — under which the EU “gives a loan to Ukraine, that Ukraine pays back if Russia pays reparations” — remains the best choice.
“This is the most effective way to sustain Ukraine’s defense and its economy. And the clearest way to make Russia understand that time is not on its side,” the European Commission president said.
Von der Leyen set out two other options if there was no green light on that plan.
The first was to use wiggle room in the EU’s central budget to raise money on capital markets and the second was that member states agree to raise the money together themselves.
EU officials and diplomats warn that both plans would incur greater costs for countries at a time when national budgets are under strain.
Diplomats said that by setting them out, von der Leyen was looking to pile pressure on Belgium to agree to tap the frozen assets.
EU officials say they want to seal a deal on a financing plan for Ukraine at a summit of the bloc’s leaders in December.


Journalists in Bangladesh demand protection amid rising attacks

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Journalists in Bangladesh demand protection amid rising attacks

  • Media industry in the South Asian country is being systematically targeted
  • Interim government blamed for failing to adequately respond to the incidents
DHAKA: Journalists, editors and owners of media outlets in Bangladesh on Saturday demanded that authorities protect them following recent attacks on two leading national dailies by mobs.
They said the media industry in the South Asian country is being systematically targeted in the interim government headed by Nobel Peace Prize laureate Muhammad Yunus. They said the administration failed to prevent attacks on the Daily Star, the country’s leading English-language daily, and the Prothom Alo, the largest Bengali-language newspaper, both based in Dhaka, the capital.
In December, angry mobs stormed the offices of the two newspapers and set fire to the buildings, trapping journalists and other staff inside, shortly after the death of a prominent Islamist activist.
The newspaper authorities blamed the authorities under the interim government for failing to adequately respond to the incidents despite repeated requests for help to disperse the mobs. Hours later, the trapped journalists who took shelter on the roof of the Daily Star newspaper were rescued. The buildings were looted. A leader of the Editors Council, an independent body of newspaper editors, was manhandled by the attackers when he arrived at the scene.
On the same day, liberal cultural centers were also attacked in Dhaka.
It was not clear why the protesters attacked the newspapers, whose editors are known to be closely connected with Yunus. Protests had been organized in recent months outside the offices of the dailies by Islamists who accused the newspapers of links with India.
On Saturday, the Editors Council and the Newspapers Owners Association of Bangladesh jointly organized a conference where editors, journalist union leaders and journalists from across the country demanded that the authorities uphold the free press amid rising tensions ahead of elections in February.
Nurul Kabir, President of the Editors Council, said attempts to silence media and democratic institutions reflect a dangerous pattern.
Kabir, also the editor of the English-language New Age daily, said unity among journalists should be upheld to fight such a trend.
“Those who want to suppress institutions that act as vehicles of democratic aspirations are doing so through laws, force and intimidation,” he said.
After the attacks on the two dailies in December, an expert of the United Nations said that mob attacks on leading media outlets and cultural centers in Bangladesh were deeply alarming and must be investigated promptly and effectively.
“The weaponization of public anger against journalists and artists is dangerous at any time, and especially now as the country prepares for elections. It could have a chilling effect on media freedom, minority voices and dissenting views with serious consequences for democracy,” Irene Khan said in a statement.
Yunus came to power after former Prime Minister Sheikh Hasina fled the country amid a mass uprising in August, 2024. Yunus had promised stability in the country, but global human rights groups including Human Rights Watch and Amnesty International have blamed the government for its failure to uphold human and other civil rights. The Yunus-led regime has also been blamed for the rise of the radicals and Islamists.
Dozens of journalists are facing murder charges linked to the uprising on the grounds that they encouraged the government of Hasina to use lethal weapons against the protesters. Several journalists who are known to have close links with Hasina have been arrested and jailed under Yunus.