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  Navigated Menu Back Financial Times Financial Times Europe 4 Dec 2025 Buttons.Search Options Brus­sels floats ‘emer­gency’ powers for loan EU pro­poses work­around to use Rus­sia assets for Kyiv and quash dis­sent­ers PAOLA TAMMA AND LAURA DUBOIS BRUSSELS Settings Print Share Listen Brus­sels has pro­posed a leg­ally con­ten­tious work­around to raise up to €210bn for Ukraine backed by immob­il­ised Rus­sian state assets, includ­ing emer­gency powers that in effect strip dis­sent­ing coun­tries of their veto. The pro­posal, which would mark a water­shed moment for the EU by enabling sanc­tions to be imposed without unan­im­ity, is a last-ditch attempt to ensure Kyiv’s eco­nomic sur­vival by bypassing poten­tial oppos­i­tion from Rus­sia-friendly coun­tries such as Hun­gary or Slov­akia. The “repar­a­tions loan” would lever­age up to €210bn of Rus­sian assets immob­il­ised by EU sanc­tions to fund Kyiv, which would not have to repay the loan until Rus­sia pays repar­a­tions. The c...