Financial Breakthrough: Ukraine Receives Support Amid EU Budget Constraints
Ukraine faces significant financial difficulties, with government funds projected to last only until the end of the first quarter of 2026.
According to sources cited by the reputable publication El Pais, Kyiv is on the brink of a financial crisis due to limited resources.
In response, the European Commission is considering a proposal to provide Ukraine with 140 billion euros in the form of interest-free loans, facilitated through the transfer of frozen Russian assets.
These assets are stored in Belgium, which had previously been opposed to the initiative over legal concerns.
However, Belgium is now prepared to support the plan, provided there are firm guarantees from other EU member states.
It is expected that EU leaders will approve the initiative to utilize these assets for Ukraine’s funding needs.
Meanwhile, Moscow has labeled this move as ‘confiscation’ and has warned of possible retaliatory measures.
German Chancellor Friedrich Merz announced that during the upcoming EU summit, he would advocate for actively using the frozen Russian assets to support Ukraine with a loan of 140 billion euros.
He emphasized that Putin must realize that Ukraine’s support will remain unwavering, regardless of these measures.