BRUSSELS — In a decisive move to bolster Ukraine’s resilience, European Union leaders have unanimously approved a monumental financial assistance package totaling €90 billion (approximately $106 billion) for the 2026-27 period. The breakthrough agreement, announced by EU Council President Antonio Costa in the early hours of Friday, follows marathon negotiations that extended through Thursday night.
The substantial aid package, structured as interest-free loans, is designed to address Ukraine’s pressing military requirements and economic stabilization needs amid ongoing conflict. President Costa confirmed the historic decision through social media, declaring “We committed, we delivered,” though specific mechanisms for fund allocation remain undisclosed.
Critical to the agreement was addressing security concerns raised by Belgium, which sought assurances against potential retaliation from Russia for supporting the Ukrainian loan package. Diplomatic sources indicate that EU leaders provided substantial guarantees to alleviate these concerns, demonstrating the complex geopolitical calculations underlying the decision.
This financial commitment represents the EU’s most significant demonstration of support for Ukraine since the conflict began, underscoring the bloc’s strategic determination to maintain Ukrainian sovereignty and economic viability. The agreement signals continued European unity in responding to Russian aggression while establishing a financial framework for Ukraine’s medium-term stability.