EU approves EUR 90B in aid for Ukraine – Costa

EU leaders have decided to provide Ukraine with EUR 90 billion in support for 2026-2027, European Council President Antonio Costa has said.

According to Ukrinform, Costa announced this on the social media platform X.

"We have a deal. Decision to provide 90 billion euros of support to Ukraine for 2026-27 approved. We committed, we delivered," he wrote.

According to Suspilne, German Chancellor Friedrich Merz noted that the decision had been adopted unanimously.

"The financial package for Ukraine is in place: Ukraine will receive an interest-free loan of 90 billion Euros as I suggested. This sends a clear signal from Europe to Putin: This war will not be worth it. We will keep Russian assets frozen until Russia has compensated Ukraine," he wrote on X.

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He also added that Russian assets would be used "to finance the Armed Forces of Ukraine for at least two more years."

"This step is not about prolonging the war, but about bringing the war to an end as soon as possible," Merz wrote.

An EU summit began in Brussels on Thursday, December 18, with one of the key issues being the use of frozen Russian assets for the benefit of Ukraine.

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