The President of the European Commission, Ursula von der Leyen, stated that the financing plan does not amount to confiscation because the funds will be in the form of a loan, which Ukraine will only have to repay if Russia pays reparations. Complications surrounding the plan increased after another plan, consisting of 28 points and supported by the United States, was proposed to end the war in Ukraine, using some assets in a US-Russian joint investment instrument. However, von der Leyen confirmed that she had informed US Treasury Secretary Scott Bessent of her plan to proceed with the reparations loan, and that it 'was well-received'. The Commission stated that the EU can proceed with the plan if 15 out of 27 member states, representing at least 65% of the EU's population, vote in favor of it. Russia warned the EU and Belgium against using its frozen assets to finance Ukraine, considering it theft.
