Overview
- Ursula von der Leyen said the EU is disbursing almost €6 billion today, combining ERA loans with Ukraine Facility funds.
- Of the package, €4.1 billion comes via ERA loans, completing the EU’s ERA credit line, with about €1.8 billion from the Ukraine Facility.
- The Commission reiterated its preferred €140 billion reparations loan backed by immobilized Russian state assets, calling it the most effective long‑term financing route.
- With Belgium blocking progress due to concerns tied to Euroclear’s exposure, von der Leyen outlined contingencies including common EU borrowing or national contributions.
- EU finance ministers met in Brussels to weigh 2026–2027 funding options as reports warn of a potential Ukrainian budget shortfall in early 2026 and as donors stress anti‑corruption reforms.