EU leaders race to save Ukraine funding deal as Kyiv’s cash runs low
EU leaders are holding emergency talks to salvage a crucial funding plan for Ukraine, as Kyiv faces dwindling resources amid Russia's ongoing attacks.
The story so far
- Dec 3
- Dec 4
- Dec 5
How outlets cover it
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Open questions and key claims
About two-thirds of the estimated €290bn of Russian assets in the west are held at Euroclear in Brussels.
The proposals will ensure Ukraine “has the means” to defend itself, “and take forward peace negotiations from a position of strength”.
European Commission President Ursula von der Leyen said that Brussels would supply 90 billion euros of Ukraine’s budget requirements for 2026-27.
The International Monetary Fund estimates Ukraine's budget requirements for 2026-27 to be 137 billion euros.
Belgium hosts about two-thirds of the estimated €290bn of Russian assets held in the west.
The European Commission has proposed providing Ukraine with €90bn in funding over two years.
Who and where
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