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 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 United States of America has removed several companies from the sanctions list that previously supplied sanctioned equipment to Russia, including for its military-industrial complex. Among them are Cypriot Veles International Limited, Finnish Hi-Tech Koneisto, as well as Dubai and Turkish companies.
US President Donald Trump will sign into law on December 18 the defense policy bill for fiscal year 2026, which regulates military pay raises and measures to respond to geopolitical threats, and also provides for the allocation of $800 million to Ukraine for the purchase of American weapons.
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.
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.
US Secretary of State Rubio announced the imposition of restrictions against two ICC judges, Gocha Lordkipanidze and Erdenebalsuren Damdin. This decision was made under an executive order aimed at countering attempts by the court to prosecute citizens of states that are not members of the ICC.
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.
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.
Polish Prime Minister Donald Tusk stated that using frozen Russian assets is the only realistic way for Europe to finance support for Ukraine. He noted that technical discussions are currently underway regarding a mechanism based on Russian assets, instead of discussing alternatives.
North Korean hackers stole $2 billion in cryptocurrency in 2025, setting a new anti-record. This accounts for the lion's share of global crypto thefts, which totaled $3.4 billion.
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.
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.
The Verkhovna Rada of Ukraine appealed to the heads of states, parliaments, and governments of democratic countries of the world, as well as the International Paralympic Committee. This appeal concerns the ban on the participation of athletes from Russia and Belarus in international sports competitions.
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.
Belgian Prime Minister Bart De Wever stated that the texts on frozen Russian assets for the EU summit are still being worked on. Belgium does not support the idea of a reparations loan, but is ready for it if the risks are shared and the country is protected.
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 Ukraine should be strengthened by the US and Europe if Russia does not stop the war. This includes additional weapons, sanctions, and financial aid.
President of Ukraine Volodymyr Zelenskyy stated that Ukraine must be in a strong position, and Russia must understand that Ukraine will not capitulate. He emphasized the need to reduce the Russian economy through sanctions to force the Russian Federation to move to diplomacy.
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.
Russia seeks the complete capture of Donbas and the withdrawal of Ukrainian troops, which Ukraine does not agree to. The US is looking for a compromise solution, and the Ukrainian delegation has departed for Washington to discuss a peace plan.
President Zelenskyy states that Putin's signals about unwillingness to end the war are not new. The possibility of continuing the war depends on pressure from partners, particularly the US, and sanctions.
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.
