Brussels, December 19, 2025 — European Union leaders have reached a landmark agreement to provide €90 billion (approximately $105 billion) in financial support to Ukraine over 2026 and 2027, aiming to bolster Kyiv’s military and budgetary needs as its war with Russia continues into its fourth year.

The decision came after marathon talks at an EU summit in Brussels where leaders agreed that this unprecedented level of support should be delivered in the form of an interest-free loan raised through joint EU borrowing, backed by the bloc’s budget headroom. Ukraine will begin repayment only once Russia pays reparations for the damages caused by its full-scale invasion — a condition emphasised by several EU officials.

The €90 billion package is intended to provide stability for Ukraine’s government finances and meet urgent defence, security and public finance needs in the coming two years. Ukrainian President Volodymyr Zelenskyy welcomed the deal, saying it “truly strengthens our resilience” and reaffirmed the importance of keeping frozen Russian assets immobilised as a guarantee for future financial security.

EU leaders had initially considered using frozen Russian sovereign assets as direct funding for Ukraine, but disagreements over legal and financial risks — especially from Belgium, which holds a large share of those assets — led to a consensus on the joint borrowing approach for now. The bloc, however, reserves the right to use immobilised Russian assets to repay the loan in accordance with EU and international law if Russia does not fulfil its obligations.

The package underscores the EU’s continued commitment to support Ukraine while navigating complex intra-bloc dynamics. Leaders described the agreement as a powerful political signal of European unity and strategic backing for Kyiv in the face of ongoing Russian military aggression.