Brussels 22.11.2025 The U.S. 28-point peace plan manifested a rival idea for using Russian assets for American-led reconstruction efforts once a truce has been agreed. The United States would take “50 percent” of the profit from this reconstruciton activity.
The peace plan sufaced during an “extremely delicate stage”, diplomats said, as top officials try to complete a legal text that would enable the frozen Russian funds to be used for a loan to the Ukrainian government, without being directly expropriated.

❌ President @vonderleyen wants €135 billion for Ukraine. The funds of the Hungarian people will not be sent abroad! The EU is rushing into a war economy while lives are lost and precious resources are squandered. Calls for peace are not just about Ukraine; they are about… pic.twitter.com/3JkuaC0MVx

— Orbán Viktor (@PM_ViktorOrban) November 21, 2025

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Ukraine is demanding the European allies to take a political decision to release a proposed $163-billion loan based on frozen Russian state assets next month, as it faces a grave situation for the 2026 budget and fallout from an unfolding $100M corruption scandal.

European leaders failed to agree on the “Reparations Loan” for Ukraine last month and will discuss it again at a summit on December 18, with Ukraine expected to need a new huge injections of financial life support from the second quarter of 2026.

A senior official in President Volodymyr Zelenskiy’s administration told Reuters the December EU summit looked to be the last chance for Europe to agree to provide the loan for Ukraine, a move Russia said would cause a “painful response”.

“We don’t expect all technical details to be finalised by that time, but the architecture for issuing the loan must be agreed,” Iryna Mudra, a top legal adviser in Zelenskiy’s administration, said in an interview.

The adviser said Ukraine expected its European allies to define the structure and governance through which the funds would be provided. It was also vital for Ukraine to be involved in decisions on how to allocate and prioritise the funds, she added.

Meanwhile the resistance to the plan of expropriation of the Russian assests gains a momentum.

Noël approche…et on connaît désormais le coût de cette nouvelle folie de l’UE pour l’Ukraine : 140 milliards dont 18% (soit 25 Milliards) seront à la charge des Français !

On n’a plus d’argent pour nos services publics, mais on va financer ceux de l’Ukraine pendant 2 ans… pic.twitter.com/jKtvjEwv9R

— Thierry MARIANI (@ThierryMARIANI) November 20, 2025

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“Christmas is approaching… and we now know the cost of this latest EU folly for Ukraine: 140 billion euros, 18% of which (25 billion euros) will be borne by the French!
We no longer have money for our own public services, but we’re going to finance Ukraine’s for two years…” said French Member of the European Parlament Thierry Mariani.

Russia’s Duma said that any seizure of Russian assets by the European Union must be met by legal action against Belgium and Euroclear enterprize, and Moscow could also take over the assets of investors from “unfriendly states”.

The Duma, parliament’s lower house, passed a resolution setting out the most explicit warning yet on how Russia would retaliate against an EU plan to use its frozen assets to fund a 140 billion euro ($161 billion) loan to Ukraine.