The announcement followed a meeting on Thursday between President Volodymyr Zelenskyy of Ukraine and European leaders in Brussels, where he made a last-minute appeal for the EU to tap frozen Russian assets to fund Ukraine’s war effort and sustain the country economically
(From left) Poland’s President Karol Nawrocki and Ukraine’s President Volodymyr Zelenskyy review a military honour guard at the Presidential Palace in Warsaw, Poland, on Friday. Pic/AFP
European leaders have agreed to provide Ukraine with 90 billion euros in financial support for 2026-27, a decision aimed at funding Ukraine’s military and economic needs. The decision to provide 90 billion euros of support to Ukraine for 2026-27 is approved,” Antonio Costa, president of the European Council, said.
“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,” said Olaf Scholz, former German Chancellor, who suggested the interest-free loan.
European Commission President Ursula von der Leyen said the package was the result of focused discussions. “We gathered today with a clear objective: to address Ukraine’s pressing financing needs,” she said.
The announcement followed a meeting on Thursday between President Volodymyr Zelenskyy of Ukraine and European leaders in Brussels, where he made a last-minute appeal for the EU to tap frozen Russian assets to fund Ukraine’s war effort and sustain the country economically.
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No. of years the aid package is for
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