BRUSSELS – The European Council President, Antonio Košta, announced that the European Union has committed to providing Ukraine with 90 billion euros in financial aid for the years 2026-2027. He confirmed that the aid package has received approval and EU leaders are dedicated to its implementation. “We have reached an agreement. The allocation of 90 billion euros to support Ukraine for 2026-27 has been confirmed. Our commitments have been made and upheld,” Košta stated. German Chancellor Fridrih Merc indicated that the decision was reached “unanimously,” approving the financial package for Ukraine, which includes an interest-free loan of 90 billion euros. He believes these funds will adequately address Ukraine’s military and budgetary requirements for the upcoming two years. Merc emphasized that this decision sends a strong message toward ending the conflict, noting that Russian President Vladimir Putin will only consider concessions when he understands that the war will not yield benefits for Russia. He added that frozen Russian assets will remain inaccessible until Russia compensates Ukraine. Ukraine will begin repaying the loan only after these reparations are made; if they do not occur, the EU will, in line with international law, utilize the frozen Russian assets to settle the loan.
He further mentioned that the EU can quickly extend support to Ukraine through existing European mechanisms. The member states were compelled to agree on an emergency backup strategy based on collective EU debt, a plan that Belgian Prime Minister Bart de Vever had advocated for weeks and which seemed unlikely until shortly before the agreement was finalized. “The crucial point is that from today onward, our support for Ukraine is assured,” stated Danish Prime Minister Mete Frederiksen after the summit concluded at 3 a.m. on December 19.
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