Overview
- EU leaders approved €90 billion in financing for 2026–2027 through jointly issued debt guaranteed by the EU budget, with funds provided to Ukraine at zero interest.
- Kyiv will not be required to repay the loan until Russia pays war reparations, and the EU reserved the right to use immobilized Russian assets to reimburse the loan in line with EU and international law.
- Plans to fund support by directly leveraging roughly €210 billion in frozen Russian sovereign assets failed after Belgium sought binding guarantees and flagged legal and security risks tied to Euroclear.
- The European Commission was tasked with exploring technical and legal options for potential future use of the frozen assets, which remain immobilized for now.
- Hungary, Slovakia and the Czech Republic secured carve-outs shielding them from financial liability under the joint loan scheme, enabling consensus on the borrowing plan.