EU’s 27 leaders unanimously approved a €90 billion loan to Ukraine for 2026-2027, based on EU capital market borrowing and supported by the EU budget margin. Czechia, Hungary, and Slovakia opt out of financial obligations.
This decision secures Kyiv’s funding for two years without fracturing EU unity.
European Council President António Costa stated post-summit: “The loan covers Ukraine’s immediate financial needs. Ukraine repays only when Russia pays reparations.”
Costa added: “The EU retains rights to use immobilized assets for repayment. We tasked the Commission to advance the reparations loan based on frozen Russian assets.”
EU Commission President Ursula von der Leyen echoed: “Ukraine repays only upon receiving reparations. Immobilized Russian assets stay frozen; the EU holds rights to their cash balances for funding this loan. This joint solution works.”
Zelensky thanks EU, Russian envoy welcomes decision
Ukraine President Volodymyr Zelensky expressed satisfaction on X: “Significant support truly strengthens our resilience. Russian assets remain immobilized, and Ukraine gains financial security guarantees for coming years.”
He thanked EU leaders despite no agreement on assets.
Russian special envoy Kirill Dmitriev, President Vladimir Putin’s investment aide, welcomed the EU summit on X: “Law and sanity prevailed.” He noted EU chose borrowing over frozen Russian assets.
Dmitriev called it a “major blow to EU warmongers led by failed Ursula,” referencing von der Leyen, as “voices of reason blocked illegal use of Russian reserves for Ukraine funding.”
Also read: EU grants Ukraine €90B loan, rejects Russian assets backing
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