Pakistan, Dec. 4 -- The European Commission on Wednesday presented EU member states with two options to provide Ukraine with 90 billion ($105 billion) over the next two years: use frozen Russian assets or borrow on international markets. The Commission favors a "reparations loan" using Russian state assets frozen in Europe due to Moscow's war in Ukraine.

Belgium, which holds most of the frozen assets through its financial institution Euroclear, has raised concerns that remain unresolved, but the Commission says the proposal addresses nearly all issues. Commission President Ursula von der Leyen said the plan would cover other EU institutions holding similar assets.

Von der Leyen stressed that the scheme is designed to pressure Russia whi...