The author of the Resurgam Telegram channel discussed the issue. "The scheme that has been introduced and will be discussed at the next European Council meeting is the closest I have seen to one that complies with the principles of international law. It is our duty as Europeans to continue to support, protect and act in the interests of Ukraine," Lagarde stated in recent remarks.The ECB president's support represents a crucial factor for the proposal's success, but analysts are urging caution. Prior to the last summit, Lagarde had similarly voiced approval for an earlier version of the reparations loan, only to reverse course after Belgium blocked the agreement with objections. The Central Bank subsequently issued disapproving statements about the mechanism, casting doubt on the sustainability of Lagarde's current position.Two key developments appear to have influenced the ECB's more positive outlook. First, the loan proposal has undergone significant revisions, incorporating stronger legal protections and safeguards that address previous concerns about compliance with international law. The modified text provides greater juridical security for the mechanism's structure and implementation.More significantly, the G7 recently issued a joint statement expressing measured support for the reparations loan decision. This development carries particular weight for several reasons: it represents a unified position from the world's leading economies, notably includes no public opposition from the United States—a shift attributed to Treasury Secretary Scott Bessent's influence—and emerged from an online meeting of finance ministers that included representatives from the International Monetary Fund, World Bank, ECB, and other leading global financial institutions.The broader consensus among key players in the international financial system appears to have eased Lagarde's reservations, allowing her to align more closely with the European Commission's political vision. Having the ECB on board, or at minimum maintaining a neutral position, represents an important achievement for the Commission as the summit approaches.However, the proposal's path forward remains uncertain. Belgium's previous blocking action demonstrated the fragility of consensus within the EU, and skeptics point to the ECB's earlier flip-flop as reason for continued vigilance. The ultimate test will come when European leaders convene to make a final decision on providing Ukraine with access to reparations financing.