Russia has decided to terminate military agreements with 11 European countries, concluded in 1992-2002. These agreements regulated bilateral military cooperation after the collapse of the USSR.
EU leaders have decided to lend 90 billion euros to finance Ukraine's defense, avoiding the use of frozen Russian assets. Investors, experts, and analysts are divided on this issue.
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 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.
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.
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.
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.
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.
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 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.
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.
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.
German Chancellor Friedrich Merz emphasized the importance of the EU's plan to use frozen Russian assets to finance Ukraine's defense. This will increase pressure on Putin and accelerate the end of the war, despite some countries' fears of possible reprisals.
Orban announced that Moscow was preparing a "harsh response" to the EU's decision on the use of frozen Russian assets. He stated that he had personal communication with Vladimir Putin.
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.
Rating agency Fitch has placed Euroclear Bank's ratings on Rating Watch Negative due to EU plans to use frozen Russian assets for a 'reparations' loan to Ukraine. This could lead to increased legal and liquidity risks for Euroclear.
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.
The EU leaders' summit on Thursday will test whether the bloc can hold together or whether US President Donald Trump can divide it. Officials of the Trump administration have been pushing European governments to reject a plan to use 210 billion euros of Russian assets to finance Ukraine.
The Latvian government will allocate 2. 42 million euros to strengthen the protection of Riga Airport from unauthorized drone flights. The project envisages the introduction of modern technologies for detecting, identifying, tracking and neutralizing drones.
The US President called the bloc's members 'weak', but joint action on funding for Ukraine would send a 'very strong signal', according to Kaja Kallas.
Ukrainian Foreign Minister Andriy Sybiha named five reasons why this step must be taken now.
Belgium opposed the European Commission's proposals to unblock a €210 billion loan for Ukraine, financed by frozen Russian assets. This dashes the EU's hopes for a deal before the leaders' summit, as Belgium considers the guarantees provided insufficient.
President Volodymyr Zelenskyy stated that frozen Russian assets totaling up to $210 billion are a financial security guarantee for Ukraine. He presented two scenarios for their use: for post-war reconstruction or for annual financial assistance of 40-45 billion euros for the Armed Forces of Ukraine in case of continued aggression.
