The European Council has set a clear directive for the European Commission, demanding rapid development of proposals to finance Ukraine’s needs for the 2026-2027 timeframe. This directive comes after leaders of the EU reached an agreement on the strategic use of immobilized Russian assets, a decision that reflects the bloc’s continued solidarity with Ukraine.
The agreement was reached during a critical session of the Council, where leaders emphasized the urgency of funding Ukraine’s defense and reconstruction efforts. The immobilized assets, which include frozen bank accounts and other financial holdings of Russian entities, are seen as a crucial resource for sustaining military support and infrastructure development in Ukraine.
Experts suggest that the European Commission faces a significant task in formulating these proposals, balancing political considerations with the practicalities of asset management. The process may involve negotiations with international partners, including the United States and other NATO allies, to ensure that the financial mechanisms are both effective and legally sound.