European Council President Antonio Costa confirmed the approval to provide support of 90 billion euros for Ukraine for the period between 2026 and 2027.
Polish Prime Minister Donald Tusk confirmed that European Union leaders agreed at a summit in Brussels (Thursday) to work on a financing option for Ukraine in 2026 and 2027 using frozen Russian assets instead of resorting to joint borrowing from bloc countries.
Tusk added to reporters, «We are certainly striving for a breakthrough, which means everyone agreeing that it's worth trying, and that using Russian assets for Ukraine would be justified and beneficial for Europe».
Out of the total Russian assets frozen in the European Union after the start of the Russian military operation in Ukraine in 2022, amounting to 210 billion euros, there are 185 billion euros in the central securities depository of Euroclear company in Belgium, and therefore Belgium fears being a target of Russian retaliation if it agrees to release those funds under the European Union's plan.
According to a US official, an envoy from the Kremlin will travel to the state of Florida to discuss a plan proposed by the United States to end the war in Ukraine, within the framework of reciprocal diplomacy with the push from the administration of President Donald Trump toward a potential agreement.
