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New Czech prime minister rejects guarantees for Ukraine loan

Published by Global Banking & Finance Review

Posted on December 13, 2025

1 min read

· Last updated: January 20, 2026

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New Czech prime minister rejects guarantees for Ukraine loan
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PRAGUE, Dec 13 (Reuters) - The Czech Republic will not take on any guarantees for Ukraine financing, incoming Czech Prime Minister Andrej Babis, who will take power on Monday, said on Saturday, adding

Czech PM Opposes Guarantees for Ukraine Loan Support

PRAGUE, ‌Dec 13 (Reuters) - The ‍Czech Republic ‌will not take on ⁠any guarantees ‌for Ukraine financing, incoming Czech Prime Minister Andrej ⁠Babis, who will take power ​on Monday, said on ‌Saturday, adding that ⁠the European Commission must find alternative ways ​of supporting the country.

EU leaders will discuss next week a complex scheme ​for ‍a ​loan to Ukraine that would use frozen Russian assets but also involve national guarantees.

"We will not ⁠take guarantees for anything nor put ​any money in," Babis said in a video posted on ‌social networks.

(Reporting by Jan Lopatka; Editing by Jan Harvey)

Key Takeaways

  • Czech Republic will not guarantee Ukraine financing.
  • Incoming PM Andrej Babis opposes national guarantees.
  • EU leaders to discuss loan scheme involving frozen assets.
  • Babis suggests EU find alternative support methods.
  • Discussion set for next week among EU leaders.

Frequently Asked Questions

What is a loan?
A loan is a sum of money that is borrowed and is expected to be paid back with interest over a specified period.
What is the European Commission?
The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
What are frozen assets?
Frozen assets are financial assets that have been restricted from being accessed or transferred, often due to legal or regulatory actions.

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