Ukraine reparations loan is in line with international law, EU's Dombrovskis says

"Everything we propose today is legally robust, fully in line with EU and international law," Dombrovskis said at the presentation of the proposal. Member states will be asked to provide guarantees to underpin the loan, Dombrovskis also said.

The European Commission's proposed reparations loan for Ukraine financed by immobilized Russian assets is in line with international law, EU economy commissioner Valdis Dombrovskis said on Wednesday. "Everything we propose today is legally robust, fully in line with EU and international law," Dombrovskis said at the presentation of the proposal.

Member states will be asked to provide guarantees to underpin the loan, Dombrovskis also said. "Those guarantees ensure the EU borrowing is fully protected and ensure fair burden sharing," he said.

Protections would cover the "very low risk" that any member state would be forced to pay on a claim from Russia, Dombrovskis added.