EU approves €90B support for Ukraine
Shafaq News – Brussels
The European Union cleared a €90 billion ($105 billion) financial support package for Ukraine over the next two years, European Council Chief Antonio Costa announced on Friday.
Costa said at a press conference following a European Council meeting in Brussels that the package includes an urgent loan backed by the EU budget, with repayment conditional on Russia paying reparations. He explained that Ukraine would not be required to repay the loan until Moscow ends its aggression, noting that the EU has reserved the right to use frozen Russian assets to cover repayment if necessary.
He added that EU leaders also mandated the European Commission to continue work on a separate reparations-based loan mechanism linked to frozen Russian funds, reinforcing the bloc’s position that those assets will remain inaccessible to Moscow until the war ends.
We have a deal.Decision to provide 90 billion euros of support to Ukraine for 2026-27 approved.We committed, we delivered.
— António Costa (@eucopresident) December 19, 2025
Ukrainian President Volodymyr Zelenskyy welcomed the European Council’s decision in a post on X, describing it as “a financial security guarantee for the coming years.”
I am grateful to all leaders of the European Union for the European Council’s decision on €90 billion in financial support for Ukraine in 2026–2027. This is significant support that truly strengthens our resilience. It is important that Russian assets remain immobilized and that…
— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) December 19, 2025
Since Russia launched its full-scale invasion of Ukraine, the European Union and the Group of Seven (G7) have immobilized an estimated $300–335 billion in Russian central bank assets, amounting to roughly half of Moscow’s pre-war foreign currency reserves. Most of the frozen funds are held in Europe, primarily through Belgium-based clearing house Euroclear.
