Slovakia will not support the European Commission's proposal to provide Ukraine with a so-called "reparations loan" if the funds raised are planned to be used for military needs. Slovak Prime Minister Robert Fico stated this during his address to the National Council of the country.

According to the head of government, the current state of Slovak finances does not allow Bratislava to participate in schemes that, in his opinion, aim to "cover Ukraine's military expenditures" in the coming years.

Fico also linked his position to what he calls a "policy of peace." He stated that he does not intend to support decisions that, in his conviction, could prolong the war through the financing of defense needs.

"I am not able to support any resolution of Ukraine's financial needs that would include covering Ukraine's military expenditures for the next few years," Fico said, emphasizing that Slovakia would not seek "excuses" for this position.

Separately, the Slovak Prime Minister warned that the use of frozen Russian assets for military purposes, in his view, could create risks for US diplomatic initiatives, which count on directing these resources toward Ukraine's reconstruction.

Fico added that Slovakia does not plan to support decisions that entail military aid to Ukraine at the upcoming European Council meeting.

The European Union is reportedly discussing a "reparations loan" mechanism for Ukraine. Under this approach, Kyiv could receive about €140 billion in new credits. The idea stipulates that the loans would be secured by future revenues from frozen Russian sovereign assets, primarily the assets of the Russian Central Bank located in the jurisdiction of the EU and other G7 countries. Repayment of the funds is tied to a scenario in which Russia agrees to pay compensation for the damage caused by the war.