High-ranking Russian officials rejoiced after EU leaders failed to agree on using frozen Russian assets to finance Ukraine. Instead, Kyiv will receive a €90 billion loan, while Russian funds remain blocked.
The European Union and its member states are ready to contribute to robust security guarantees for Ukraine, including through a Coalition of the Willing and in cooperation with the United States. The EU will address matters within its competence or those affecting its security, according to the European Council conclusions of December 18.
The European Union plans to introduce its 20th package of sanctions against Russia in early 2026, continuing pressure to end the war. EU leaders call for coordination with the G7 and stronger measures against sanctions circumvention, as well as condemning third-country support for Russia.
The European Council decided to allocate 90 billion euros in funding to Ukraine for 2026-2027. The funds will be based on EU borrowings without the use of Russian assets and without the involvement of the Czech Republic, Hungary, and Slovakia.
The European Union has agreed to finance Ukraine with 90 billion euros over two years. Ukraine will repay these funds only after receiving reparations from Russia, and frozen Russian assets will remain frozen.
German Chancellor Friedrich Merz revealed details of the agreement between EU leaders on providing financial assistance to Ukraine for 2026–2027.
The countries of the European Union have agreed to provide Ukraine with 90 billion euros in aid for 2026-2027. This was stated by the President of the European Council, António Costa.
European Union leaders have not reached an agreement on using frozen Russian assets to finance Ukraine. Discussions on providing a loan will continue on December 19 at the summit in Brussels.
The European Union has agreed on a new law that allows migrant applications to be processed outside the EU and simplifies deportations. This expands the list of "safe third countries" and limits the possibilities of obtaining asylum in the European Union.
European Central Bank President Christine Lagarde expressed confidence that EU leaders will agree on a way to support Ukraine. She expects a solution to be found, despite possible difficulties, as the issue is too important.
A session of the Albanian Parliament turned into a large-scale clash: the opposition lit flares, threw bottles, and blocked the rostrum. The reason was a protest against election falsification and a demand for the resignation of the Deputy Prime Minister, who is under investigation.
The European Commission and Belgium are negotiating the use of 210 billion euros of frozen Russian assets for Ukraine. Belgium seeks additional financial guarantees due to concerns about legal and financial risks.
Nearly 7,300 demonstrators and 1,000 tractors are present in Brussels' European Quarter to protest against the EU-Mercosur agreement. The demonstration marched through the streets of Brussels earlier in the day but was eventually dispersed.
Over 25% of new cars sold globally in 2025 are electric, according to an Ember analysis. This growth is driven by emerging markets, which are now leading the transition to electromobility.
Ukrainian President Volodymyr Zelenskyy met with Belgian Prime Minister Bart De Wever in Brussels. The main topic of discussion was the use of frozen Russian assets for the benefit of Ukraine, as well as coordination with Europe and the United States on the peace process.
President of Ukraine Volodymyr Zelenskyy met with Spanish Prime Minister Pedro Sánchez in Brussels. The leaders discussed the coordination of positions regarding the negotiation process with Donald Trump's team and the importance of involving Europe to guarantee Ukraine's sovereignty.
Great Britain imposed sanctions against three Russian oil companies: PJSC Tatneft, PJSC Russneft, and PJSC NNK. This expansion of sanctions pressure is aimed at reducing Russia's revenue from energy exports, covering almost 60% of Russian oil exports to key markets.
President Volodymyr Zelenskyy stated that Ukraine will be forced to significantly reduce drone production if it does not receive funding in the spring, including a reparations loan. These funds are planned to be used for the country's recovery or for drone production if the war continues.
Technical groups at the EU summit are working to find ways to finance Ukraine, which could take hours. Discussions on a loan for Ukraine are moving in the right direction, a German official assessed.
Three Russian border guards illegally crossed the border of Estonia, an EU and NATO member. They crossed the control line on the Narva River on foot and then returned to Russian territory.
EU countries have offered additional guarantees to Belgium to support a plan to provide Ukraine with a 210 billion euro loan from frozen Russian assets. Unused loan funds will be the first line of defense if the EU has to compensate Russia for damages.
The European Union has imposed sanctions against 41 vessels of Russia's "shadow fleet. " This decision was made within the framework of the sanctions regime for Russia's aggressive war against Ukraine.
Hungarian Prime Minister Viktor Orban said that the EU plan to use frozen Russian assets to finance Ukraine is “dead. ” According to him, not enough leaders supported the idea.
President Zelenskyy stated that the EU's refusal to use frozen Russian funds would weaken Ukraine, potentially affecting the course of the war and diplomacy. He emphasized that without these funds, Ukraine would be in a more vulnerable position, which would reduce Russia's interest in a diplomatic settlement.
Ukrainian President Volodymyr Zelenskyy has arrived in Brussels for the EU summit. The summit will address the issue of financing Ukraine and the use of frozen Russian assets.
Volodymyr Zelenskyy stated that the issue of using frozen Russian assets for Ukraine's needs depends on the political will of partners. The President noted that these funds could be directed to support the Ukrainian army and defense production.
At Thursday's EU summit, leaders will try to persuade Belgium to agree to the use of frozen Russian assets to finance Ukraine. This is the EU's last chance to greenlight a proposal to raise 210 billion euros from Russian assets.
EU diplomats are trying to find a compromise on financial aid to Ukraine ahead of the bloc's leaders' summit. Options being considered include a loan based on frozen Russian assets or joint EU debt.
Russian intelligence organized a campaign to intimidate Belgian politicians and Euroclear top managers to block the use of frozen Russian assets for the benefit of Ukraine. The attack targeted key Euroclear officials, where most of Russia's frozen assets are held.
The US does not support EU initiatives to confiscate Russian sovereign assets, warning of possible consequences. They consider frozen assets a flexible leverage in future negotiations.
