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EU Eyes ‘Reparations Loan’ for Ukraine Backed by Frozen Russian Assets

Ukraine would only pay back the reparation loan once it receives compensation from Russia for damage inflicted during the war. The European Union is exploring a plan to channel billions from frozen Russian central bank assets into a new “reparations loan” for Ukraine, aiming to bolster Kyiv’s wartime finances while sidestepping a potential veto from Hungary. Under the proposal, around €210 billion immobilised in Europe — much of it held as cash by Belgian securities depository Euroclear — would be swapped for zero-coupon EU bonds. The proceeds would be lent to Ukraine, with repayment required only if Russia eventually pays war damages. The scheme, championed by European Commission President Ursula von der Leyen, is designed to avoid outright seizure of Russian assets, a legal red line for some member states. If Hungary refuses to participate, officials say a “coalition of the willing” could move ahead independently. Supporters argue the plan could unlock long-term investment potenti...
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Conservatives Leverage Singh's Critique in Non-Confidence Motion


In a strategic move, the Conservative Party plans to introduce a non-confidence motion next week, utilizing NDP Leader Jagmeet Singh's own words to challenge the minority Liberal government. The motion quotes Singh's criticism of the Liberals, accusing them of succumbing to corporate greed by ordering binding arbitration in labor disputes involving the nation's largest rail yards.

The proposed motion aims to persuade New Democrats to join forces with the Conservatives, declaring a loss of confidence in Prime Minister Justin Trudeau and his government. If successful, this motion could trigger an immediate election, a scenario the Conservatives are eager to see.

Government House Leader Karina Gould has announced plans to schedule opposition days for both the Conservatives and the NDP next week, providing a platform for this critical motion. The outcome of this political maneuver remains uncertain, as the NDP has previously taken a case-by-case approach to non-confidence votes.

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