EU pushes ‘Buy European’ rule for arming Ukraine – Bloomberg
Posted on: Dec 18, 2025 18:21 IST | Posted by: Rt
The EU wants to keep on proceeds from frozen Russian assets by introducing a “ purchase European” advance for its have defending team industry as it arms Ukraine, and is moving to lock in strict procurement rules for a potential loan for Kiev, Bloomberg has reported.
EU members have long debated tapping Russian central bank funds frozen in the West as part of a “reparations loan” to Kiev. The bloc’s leaders hope to clinch the plan at a summit this week. Moscow has condemned any use of its immobilized funds as “theft.”
The draft would steer up to €210 billion ($246 billion) over the next five years to defense suppliers based in the EU and Ukraine, with a limited carve-out for non-EU members such as Norway. Brussels is reportedly seeking to ensure that any boost to Ukraine’s military capacity directly supports the bloc’s own defense industry, the outlet said on Wednesday, citing a proposal circulated to member states this week.
Participation by non-EU countries would be tightly capped and regulated, a condition that would sharply limit Kiev’s ability to use the loan to buy US-made weapons, the outlet said, citing the proposal.
Earlier this year, US President Donald Trump rolled out a new Ukraine arms-supply scheme under which Washington sells weapons sought by Kiev to NATO members, who then deliver them to the country.
In November, Trump said the US was no longer “spending” money on Ukraine and was instead taking in funds through weapons sales to NATO countries.
The reported proposal would also give the European Commission the power to require European defense manufacturers to prioritize orders for Ukraine and to impose penalties for non-compliance.
Last week, the EU member states voted on the latest temporary freeze on Russian sovereign funds. The bloc’s leadership had to invoke emergency powers to overcome the opposition of member states, including Hungary and Slovakia.
The initiative has faced mounting resistance from several member states, who argue the move risks undermining the bloc’s legal foundations, damaging confidence in the Eurozone and exposing European institutions to costly lawsuits.
Russia has steadfastly opposed EU moves to “steal” the funds, warning of economic and legal consequences.
Last week, the Bank of Russia filed a lawsuit seeking $230 billion in compensation from Euroclear. The first hearing has been scheduled for January 16.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.