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LONDON DAILY ARCHIVE

UK and Canada Explore EU Loan Proposal to Fund Reparations for Ukraine

The plan would provide financial support using frozen Russian assets.

17 October 2025 · 08:11 UTC

Britain and Canada are considering an EU-backed proposal to provide Ukraine with reparations funding through loans secured by frozen Russian assets.

Discussions are ongoing among Western allies about the legality and logistics of such a move.

Officials say the plan aims to ensure sustained economic support for Kyiv as it continues to recover from the devastation of war.