European Union flags and a Ukrainian flag outside the EU Commission headquarters in Brussels on Feb. 24, 2025. Yves Herman /ReutersEuropean Union leaders agreed at a summit in Brussels on Dec. 18 to pursue financing Ukraine’s 2026–2027 funding needs through a loan backed by frozen Russian assets, shelving plans for joint EU borrowing and marking what Polish Prime Minister Donald Tusk described as a potential breakthrough.Speaking to reporters after the meeting, Tusk said leaders reached early consensus to focus on the so-called reparations loan—using frozen Russian central bank funds—while noting that difficult technical negotiations remain, particularly over risk-sharing guarantees for countries most exposed to potential Russian retaliation.
EU Leaders Agree to Pursue Frozen Russian Assets to Fund Ukraine
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