December 22, 2025

Last Friday, European Union leaders, after having failed to reach a consensus on using frozen Russian assets, decided to provide Ukraine with a 90-billion-euro loan over the next two years.

“We committed, we delivered,” said European Council President António Costa. “At the same time, we gave a mandate to the Commission to continue working on the Reparation Loan based on Russian immobilized assets. On top of that, we have agreed to roll over our sanctions against Russia.”