The European Commission has proposed a $105B support package for Ukraine for 2026–2027, combining joint EU borrowing with proceeds from frozen Russian assets held in the bloc.
European Commission President Ursula von der Leyen described Ukraine as facing a “critical juncture,” with peace talks ongoing while Russia “intensifies its attacks.” She noted that the International Monetary Fund estimates Kyiv will need €135 billion over the next two years to maintain essential state functions and continue defence operations. The EU would cover two‑thirds of that amount, with international partners expected to provide the remainder.
The proposal offers two financing options. The EU could raise funds on capital markets backed by the EU budget and lend them to Ukraine, requiring unanimity from all member states. Alternatively, the Commission could borrow against immobilised Russian Central Bank assets held in EU financial institutions, transferring the funds to Kyiv as a “reparations loan”, repayable only once Russia compensates for the war. This option could be adopted by qualified majority voting.
Von der Leyen emphasised that the package includes extensive safeguards to protect EU countries and financial institutions from potential Russian retaliation or legal challenges in third countries. A solidarity mechanism would allow all EU states to collectively absorb residual risks, addressing concerns from Belgium, which hosts Euroclear, the main holder of frozen Russian assets.
Belgium has warned it could otherwise face legal problems and financial liability alone, insisting that all member states share the risks. Von der Leyen added: “The message to Russia is that the Reparations Loan is increasing the cost of its war of aggression. So it’s an invitation to come to the negotiation table to finally find peace.”
The European Commission urged rapid progress, noting that the European Council summit on 18–19 December should deliver a clear political commitment from EU leaders.
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he UN General Assembly adopted a resolution on Wednesday calling on Russia to immediately return all Ukrainian children who have been “forcibly transferred or deported,” describing the actions as a breach of international law.
Firefighters in San Bernardino County responded on Wednesday to reports of an F-16 fighter jet crash in China Lake, California.
The U.S. has revoked visas and imposed restrictions on certain Mexican nationals linked to “knowingly facilitating illegal immigration,” the State Department announced on Wednesday.
The European Commission has added Russia to its list of “high-risk” countries, citing significant shortcomings in the nation’s anti-money laundering and counter-terrorist financing frameworks.
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Belgian police have raided the EU’s diplomatic service and the College of Europe as part of a corruption probe into an EU-funded training academy for diplomats, detaining three suspects and searching multiple premises, according to Politico.
Ukrainian President Volodymyr Zelenskyy has announced that his country is preparing meetings in the United States with representatives of President Donald Trump, as diplomatic efforts continue to secure a dignified peace and reinforce pressure on Russia.
he UN General Assembly adopted a resolution on Wednesday calling on Russia to immediately return all Ukrainian children who have been “forcibly transferred or deported,” describing the actions as a breach of international law.
Firefighters in San Bernardino County responded on Wednesday to reports of an F-16 fighter jet crash in China Lake, California.
The U.S. has revoked visas and imposed restrictions on certain Mexican nationals linked to “knowingly facilitating illegal immigration,” the State Department announced on Wednesday.
The European Commission has added Russia to its list of “high-risk” countries, citing significant shortcomings in the nation’s anti-money laundering and counter-terrorist financing frameworks.
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