President Zelenskyy stated that the allocation of a 90 billion euro interest-free loan to Ukraine for two years is a real financial security guarantee. The funds will be disbursed at 45 billion euros annually for two years and will be repaid from Russian assets.
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.
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.
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.
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 EU leaders' summit began with a delay due to negotiations between Ursula von der Leyen and António Costa with farmers. Leaders are discussing funding for Ukraine, defense readiness, and a trade agreement with Mercosur.
President of the European Council António Costa stated that a decision on supporting Ukraine would be made by the end of the EU summit. President of the European Commission Ursula von der Leyen also confirmed that leaders would not leave the summit without an agreement on financing Ukraine for the next two years.
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.
Serbian President Aleksandar Vučić stated that his country will not participate in the meeting of EU leaders with their counterparts from the Western Balkans. This is Vučić's personal decision, who claims to be protecting the interests of Serbia, which has made little progress in its bid to join the EU.
Belgium has appealed to the EU with a proposal to activate an emergency provision for issuing joint debt to finance Ukraine's war efforts.
European Council President António Costa stated that the EU will not impose a reparation loan for Ukraine at the leaders' summit if Belgium opposes it. This is a departure from his previous position, where he noted that the scheme only required a qualified majority.
European Commission President Ursula von der Leyen announced the possibility of financial support for Ukraine through the issuance of joint EU debt, as an alternative to using frozen Russian sovereign assets. This comes ahead of a meeting of EU leaders where ways to finance Ukraine will be discussed amid its expected deficit of 135 billion euros by 2027.
The European Commission is trying to persuade Belgian Prime Minister Bart De Wever to support a proposed loan to Ukraine, financed by immobilized Russian assets. De Wever expresses concerns about the risks to the Belgian economy if Russia tries to reclaim the assets.
German Defense Minister Boris Pistorius spoke cautiously about the role of European forces for Ukraine, noting that much would depend on Putin's actions. He supported the idea of a European military presence but pointed to unresolved issues regarding their deployment.
European leaders, in a joint statement, agreed with Trump's peace plan for Ukraine, emphasizing the inviolability of borders. They called on Russia for negotiations and readiness for a ceasefire.
The EU has fulfilled its commitment to keep Russian assets blocked, as confirmed by European Council President António Costa. The next step is to ensure Ukraine's financial needs for 2026–2027.
Slovak Prime Minister Robert Fico stated that he would not support the European Commission's proposal for a reparations loan to Ukraine using frozen Russian assets if the funds were to be used for military purposes. He sent a letter to the President of the European Council, António Costa, warning of a blockade of decisions regarding the financing of Ukraine's military needs for 2026-2027.
The President of the European Council, António Costa, is confident that a decision on financing for Ukraine for 2026-2027 will be made at the December EU summit. He noted that the bloc is "very close to reaching a decision" amid the proposal of two options: a "reparations loan" or EU borrowing.
The President of the European Council, António Costa, stated that Americans must respect the democratic choice of Europeans. This was a response to statements by US President Donald Trump regarding Europe.
Next week's EU summit will feature "important discussions" where Ukraine and European security will be priority issues. Ukrainian President Volodymyr Zelenskyy is expected to participate, and the main priority of the meeting is to make decisions regarding financing Ukraine.
President of Ukraine Volodymyr Zelenskyy arrived in Italy for a meeting with Pope Leo XIV in Castel Gandolfo. A meeting with Italian Prime Minister Giorgia Meloni is also planned.
G7 countries are ready to consider confiscating all frozen Russian assets to achieve a just peace in Ukraine. The Group of Seven will work on financial support for Ukraine, including the use of sovereign Russian assets.
European Commission President Ursula von der Leyen, after meeting with Zelenskyy, declared the unwavering support of the European Union for Ukraine. She confirmed that proposals for financing Kyiv are already being considered.
President of Ukraine Volodymyr Zelenskyy met with NATO Secretary General Mark Rutte, President of the European Council António Costa, and President of the European Commission Ursula von der Leyen. The diplomatic track, security guarantees, the PURL initiative, and a reparations loan were discussed.
The President of Ukraine arrived in Brussels for meetings with NATO Secretary General Mark Rutte, as well as with the Presidents of the European Council António Costa and the European Commission Ursula von der Leyen. He emphasized the importance of cooperation with partners for common security.
Ukrainian President Volodymyr Zelenskyy will meet with European Commission President Ursula von der Leyen and European Council President António Costa in Brussels. The issue of using frozen Russian assets for Ukraine's reconstruction or armament will be discussed.
President of the European Council António Costa criticized the new US national security strategy, accusing Washington of trying to influence political processes in the EU. He emphasized the need to strengthen Europe's defense capabilities and its readiness to take on a leadership role in NATO.
Seven EU countries have called for the use of frozen Russian assets to finance a reparations loan to Ukraine. This decision will strengthen Ukraine's position and ensure compensation for damages caused by the aggression.
President Zelenskyy held a phone conversation with President of the European Council António Costa, discussing the negotiation track and the planned meetings of the Ukrainian team with the American side. Ukraine expects meaningful work to achieve a lasting peace.
Spiegel reported that the Élysée Palace, in a statement to the German publication, denied that Macron had spoken of any betrayal.
