EU greenlights €90 billion in assistance for Ukraine
President of the European Council António Costa (Photo: Getty Images)
Participants in the EU summit have agreed to provide Ukraine with €90 billion in support for 2026–2027, according to a post by European Council President António Costa on X.
“We have a deal. Decision to provide 90 billion euros of support to Ukraine for 2026-27 approved. We committed, we delivered,” Costa wrote.
German Chancellor Friedrich Merz added that the assistance will take the form of an interest-free loan.
“This sends a clear signal from Europe to Putin: This war will not be worth it. We will keep Russian assets frozen until Russia has compensated Ukraine,” he wrote on X.
According to Merz, Ukraine will only have to repay the loan after Russia has paid reparations.
EU summit on financial support for Ukraine
As reported, an EU leaders’ summit is taking place in Brussels on December 18–19, where decisions are to be made on financial support for Ukraine for 2026–2027.
European Commission President Ursula von der Leyen had stressed that the meeting would not end until a solution was found.
Earlier, Germany warned the EU that refusing to support a reparations loan for Ukraine could worsen credit ratings and raise interest rates.
The US is pressuring a number of EU countries to push the bloc to abandon the use of frozen Russian assets for Ukraine’s needs.
Ukrainian Foreign Minister Andrii Sybiha said that EU fears regarding frozen Russian assets are being imposed by Moscow and are largely based on Russian disinformation.
