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http://dx.doi.org/10.59704/331b1863c75ba636 https://verfassungsblog.de/on-the-legal-stakes-of-the-eus-proposed-reparations-loan-for-ukraine/ Walking a Tightrope - On the Legal Stakes of the EU’s Proposed Reparations Loan for Ukraine van Elsuwege, Peter eng 2025-12-08 electronic resource text/html ddc:342 Reparation Loan Reparations Russian State Assets Russian War against Ukraine Verfassungsblog Verfassungsblog--2366-7044 CC BY-SA 4.0 The EU’s proposed Reparations Loan – using immobilised Russian state assets to finance support for Ukraine – sits on precarious legal and political ground. While the Commission argues the scheme is temporary, reversible, and defensible under international and EU law, critics warn that it risks disguised confiscation, countermeasures, investment claims, and long-term damage to Europe’s financial stability. Belgium’s strong objections highlight the deep uncertainties surrounding a mechanism that touches vital national and Union interests ahead of a decisive European Council meeting.