EU finance ministers meet to discuss financial support options for Ukraine, including the use of frozen Russian assets and market loans.

Finance ministers of EU member countries will meet in Brussels to discuss Ukraine's financial needs for the period 2026-2027, following commitments made by the bloc's leaders on October 23. The European Commission is working on a document with options to cover the estimated amount of 130-140 billion euros, including the use of frozen Russian assets and the possibility for EU governments to borrow the necessary funds.

Belgium, which holds the majority of these assets, expresses concern about liability in the event of a lawsuit from Russia. The option to use frozen assets would involve replacing Russian cash with bonds issued by the European Commission, and the liquidity would be transferred to Ukraine. Belgium is seeking commitments from EU governments for the rapid reimbursement of funds in the event of a favorable decision for Russia. The European Commission is negotiating with Belgium to obtain the necessary support within the framework of the December plan.