The EU would need to make a “concerted effort” to calm financial markets if a mooted €140 billion ($162 billion) loan to support Ukraine using Russian sovereign assets goes ahead, the European Commission has warned. In a long-awaited letter sent to EU capitals on Monday, and seen by Euractiv, Ursula von der Leyen has presented EU leaders with three options to cover Ukraine’s substantial financing needs for 2026–2027, including the so-called reparation loan. JOIN US ON TELEGRAM Follow our