EU Council President Antonio Costa and European Commission President Ursula von der Leyen held a press conference following the EU Leaders Summit in Brussels, the capital of Belgium.

Speaking here, Costa said, “We have approved the decision to provide Ukraine with €90 billion for the next two years. We will provide Ukraine with a loan supported by the EU budget. This will meet Ukraine's urgent financial needs, and Ukraine will only repay this loan after Russia pays compensation.”

Noting that the leaders agreed to extend the sanctions imposed on Russia at the summit, Costa emphasized that the only way to involve Moscow in the dialogue process is to strengthen Ukraine. Highlighting that the EU will stand behind the Kyiv administration as long as needed, Costa stated, “Our political and financial support for Ukraine will never diminish in war, peace, or reconstruction.”

In her speech, Ursula von der Leyen said, “We came together to meet Ukraine's urgent financing needs for the next two years, and I am very pleased to say that we have achieved this.”

Recalling that the Commission presented two alternatives to the leaders to provide funds to Kyiv, either borrowing from the market as the EU or using Russia's frozen assets as compensation loans, von der Leyen said, “Member states have agreed to finance Ukraine through EU borrowing from capital markets amounting to €90 billion for the next two years. Ukraine will repay the loan after receiving war compensation from Russia. During this process, Russian assets will remain frozen.”