Reparations loan for Ukraine won't derail peace process, Kallas tells Belgian PM
The reparations loan for Ukraine will prove to Washington that Europe is taking "very credible" steps to end Russia's war, High Representative Kaja Kallas said on Monday. It comes after the Belgian prime minister warned that the unprecedented proposal risked derailing the diplomatic process.
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00:00In a response to Belgium's Prime Minister Bart Deweyver, EU High Representative Kaya Kalas said approving a reparations loan for Ukraine gives the European Union greater leverage at the negotiating table to end Russia's war.
00:16Deweyver had previously warned that the proposal risked derailing the diplomatic process.
00:21Kalas, however, insisted that the approval of the reparations loan sends three messages to Ukraine.
00:27She argued it would show them that the EU is there to help defend themselves.
00:31Secondly, it would send a message to Moscow that they can't outlast the EU.
00:35And finally, it would prove to the US that the EU is taking strong and credible steps.
00:41Under the scheme, the bloc would channel the frozen Russian assets to Ukraine.
00:46Kiev would only be asked to repay the loan if Moscow agreed to compensate for the damages.
00:51However, Belgium's Prime Minister Bart Deweyver has repeatedly opposed the proposal.
00:57He claims it could pose a risk to Belgium where the assets are stored.
01:01He also said it could act as an obstacle to the White House trying to reach a deal between Ukraine and Russia.
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