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EU approves €90 billion in aid for Ukraine over two years

global.espreso.tv
Fri, 19 Dec 2025 10:34:00 +0200
EU approves €90 billion in aid for Ukraine over two years
European Council President António Costa and European Commission President Ursula von der Leyen stated this."We reserve our right to use the cash balances from Russian assets immobilised in the EU to finance the loan. This is the solution we found together. And financing Ukraine beyond 2027 will be part of the next long-term EU budget discussion," von der Leyen declared.The European Commission President explained that the loan is interest-free and will be financed through borrowing, supported by the EU budget balance and an agreement to amend the multiannual financial framework.At the same time, she emphasized that Kyiv will have to repay the loan after receiving reparations from Russia.Von der Leyen concluded that until then, the frozen Russian assets would remain immobilized, and the Union reserved the right to use the windfall profits to finance the loan."We have a deal. Decision to provide 90 billion euros of support to Ukraine for 2026-27 approved. We committed, we delivered," Costa announced on X.German Chancellor Friedrich Merz emphasized that the decision was unanimous."Ukraine will only have to repay the loan after Russia pays reparations. And we are stating clearly: if Russia does not pay reparations, we will, in full accordance with international law, use the frozen Russian assets to repay the loan. We can use proven European instruments and provide support to Ukraine immediately, without further delays," he stated, as quoted by Suspilne.Zelenskyy's reaction"I thank all European Union leaders 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's important that Russian assets remain immobilized and that Ukraine has received a financial security guarantee for the coming years. Thank you for the result and unity. Together we are defending the future of our continent," the president responded.
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