The European Union agreed in principle to fund Ukraine for the next two years, even as Belgium threatened to block the bloc’s plan to use frozen Russian assets to finance a €140 billion ($163 billion) loan.
The European Union will agree in principle to finance Ukraine for the next two years, despite a Belgian threat to block its plan to use Russian frozen assets to aid Kyiv.https://t.co/NEzEoDJDby
— TVP World (@TVPWorld_com) October 23, 2025
Belgian Prime Minister Bart De Wever demanded that EU members share the legal and financial risks of the move, stressing transparency and fairness.
EU Council chief Antonio Costa said leaders would finalize technical details later but confirmed that funds would cover Ukraine’s financial and defense needs through 2027.
Ukrainian President Volodymyr Zelenskiy urged swift approval, saying the funds would bolster air defenses and save lives.
Before the European Council meeting in Brussels, I met with António Costa. It was important to coordinate our positions.
— Volodymyr Zelenskyy / Володимир Зеленський (@ZelenskyyUa) October 23, 2025
I am grateful to the European Union for approving today the 19th package of sanctions against Russia – restrictions on the shadow oil fleet, the banking and… pic.twitter.com/uEnM0fRV9z
The Brussels summit followed a tense week in which President Donald Trump delayed a planned meeting with Vladimir Putin and imposed new U.S. sanctions on Russian oil companies.
The EU also approved its own sanctions package, including a 2027 ban on Russian LNG and curbs on shadow oil tankers.
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TIPP Staff
