European Council President Antonio Costa announced on Friday that European Union member states will allocate €90 billion ($105.5 billion) in financial assistance to Ukraine, covering the years 2026 and 2027.
The announcement follows a plea on Wednesday from Ukrainian President Volodymyr Zelenskyy. He urged EU leaders and allies to intensify their support and reach a definitive decision on utilizing frozen Russian assets to aid Ukraine. Zelenskyy emphasized that sustained backing is vital for maintaining the nation’s resilience and deterring Russia from continuing its aggression into the coming year.
