European Council President Antonio Costa has announced that the European Union is committed to addressing Ukraine’s financial needs for the years 2026 and 2027.
According to Costa, this commitment includes support for Ukraine’s military and defense efforts, Sky News reports.
A draft proposal has reportedly been backed by Belgium, a source told Reuters.
The report highlights that Belgium holds the largest share of frozen Russian assets in Europe, valued at approximately $225 billion.
Ukraine’s budget and military needs for 2026 and 2027 are estimated to total around $135 billion.
