EU Pledges Ukraine Funding Decision

European Union leaders meeting in Brussels, Belgium, said they will not leave the summit without securing funding for Ukraine for 2026 and 2027. EU officials, including Ursula von der Leyen and Antonio Costa, said the bloc aims to cover two-thirds of Ukraine’s estimated €137 billion financing gap, with options including EU budget borrowing or a reparations-style loan linked to frozen Russian assets. EU foreign policy chief Kaja Kallas said pressure must continue on Russia, calling the reparations loan the most viable option, while leaders from Poland, Greece, Lithuania, and Sweden voiced support for swift action. Belgium, which holds a large share of frozen Russian assets, has yet to publicly state its position.