European Commission Chief Spokesperson Paula Pinho told reporters in Brussels on 27 October that proposals from the Commission to cover Ukraine's financial needs in 2026-2027, ahead of the next European Council meeting on 18 December, will outline various funding options, focusing on frozen Russian sovereign assets.

Source: European Pravda

Details: Pinho noted that the European Commission continues to view Russian assets frozen in the EU as one of the primary sources of future funding for Ukraine.

Quote from Pinho: "So that is precisely what we will be putting forward in this options paper. And we will be seeing what could be other options, while indeed the focus should remain on the use of the immobilised assets."

Details: Pinho said that the options paper on funding options should be presented soon, "so that the European Council can take a decision on that basis".

Asked whether the proposal would cover only Russian sovereign assets frozen in Belgium or also those in other EU member states, Pinho said that, as the European Commission's proposal is not yet finalised, this "remains to be seen".

Background:

• On 26 October, Slovak Prime Minister Robert Fico said he opposes the EU's plan to use frozen Russian assets to finance Ukraine.
• On 23 October, the European Council adopted conclusions on Ukraine which no longer include a direct reference to the use of frozen Russian assets to support Ukraine.
• It was primarily Belgium that had pushed for changes to the wording of the conclusions regarding the use of frozen Russian assets.
• However, the EU stated that the issue of using frozen Russian assets to support Ukraine remains on the agenda, and a final decision will be made in December 2025.

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