The European Commission has proposed providing Ukraine with €90bn (£80bn) in funding over two years, which it says will meet two-thirds of Kyiv’s financing needs for 2026 and 2027 and allow it to engage in peace talks “from a position of strength”.
There are two options for generating the money. It could be a “reparations loan” based on Russian assets frozen in the bloc – the option favoured by the commission but strongly resisted by Belgium, which hosts most of the assets.
