EU summit participants have approved a financial support package for Ukraine totaling €90 billion for 2026–2027, according to European Council President António Costa and European Commission President Ursula von der Leyen.

Costa stated that the EU has "kept its promise" by deciding to cover Ukraine's immediate financial needs for the next two years. "We promised and we delivered," he wrote. Costa also emphasized that Russia will not regain access to its frozen assets until it ends its aggression.

According to Costa, the agreed assistance will be provided as an emergency loan backed by the EU budget to ensure stable coverage of Ukraine's key financial requirements throughout 2026–2027.

Von der Leyen clarified that EU member states agreed to fund Ukraine by borrowing €90 billion on capital markets over the next two years. She highlighted that the mechanism functions as a "reparation loan"—Ukraine will only be required to repay the funds once Russia pays reparations. Until then, she noted, frozen Russian assets will remain blocked, and the EU reserves the right to use existing cash balances to finance the loan.

"A just and lasting peace for Ukraine was the theme of today’s discussion," von der Leyen added. She noted that the meeting's primary objective was to address Ukraine's urgent financial needs: "We gathered with a clear goal to resolve Ukraine's financial needs for the next two years, and I am very pleased to report that we succeeded. We have reached an agreement that allows us to fully secure them."

President Volodymyr Zelensky thanked EU leaders for their support, emphasizing the decision's importance for national resilience. "This is significant support that truly strengthens our resilience. It is crucial that Russian assets remain immobilized and that Ukraine has received a financial security guarantee for the coming years. Thank you for the result and the unity. Together, we are protecting the future of our continent," Zelensky stated.