Overview
- European Council President António Costa announced an agreement to provide €90 billion in support to Ukraine for 2026–2027.
- The package is an EU budget-backed loan that Ukraine would repay only after Russia pays reparations, and the EU reserves the right to use frozen Russian assets if Moscow does not pay.
- German Chancellor Friedrich Merz said the decision was unanimous and described the loan as interest-free, framing it as sufficient for Ukraine’s military and budget needs over two years.
- Leaders extended EU sanctions on Russia and tasked the European Commission with completing the legal and technical work to operationalize the reparations-linked loan.
- Frozen Russian assets in Europe are estimated at roughly €210 billion, Belgium flagged legal and technical issues tied to their use, and Russia denounced any confiscation as theft.