European Council President Antonio Costa has assured Ukrainian President Volodymyr Zelensky that the leaders of the European Union member states will confirm their unwavering support for Ukraine and will be able to take a political decision to provide a reparations loan based on Russian immobilized assets, covering its needs for the period 2026-2027. This announcement comes amid continued military and economic challenges faced by Ukraine as it seeks to recover from the damage inflicted by the Russian invasion.
The reparations loan is expected to be a significant financial commitment, utilizing assets frozen due to Russia’s invasion of Ukraine. These assets, which include a substantial portion of Russia’s wealth in European banks, are being considered as a means to support Ukraine’s long-term recovery and defense capabilities. Costa emphasized that this decision represents a political consensus among EU member states, reaffirming their commitment to the country’s sovereignty and territorial integrity.
Zelensky has expressed gratitude for the EU’s continued support, highlighting the critical role that such financial commitments play in sustaining Ukraine’s efforts. The 2026-2027 period is anticipated to be a crucial phase for Ukraine as it navigates the complexities of rebuilding its infrastructure, restoring civilian life, and maintaining its military readiness against potential further aggression from Russia.