Overview
- The two‑year package will be raised on capital markets and secured against the EU budget to support Ukraine’s finances through 2026–27.
- A proposal to leverage roughly €210 billion in immobilized Russian central‑bank assets was set aside, though those assets remain frozen.
- Ukraine will repay the loan only after Russia compensates for war damage, with the EU reserving the right to use immobilized assets for repayment in line with EU and international law.
- Hungary, Slovakia and the Czech Republic secured opt‑outs from financial guarantees while allowing the agreement to proceed.
- Belgium cited legal and retaliation risks tied to the Euroclear hub holding most Russian assets as Russia’s central bank sues the clearer, while Kyiv welcomed the lifeline and Moscow condemned the talks.