EU's 2026-27 Ukraine Support Plan
EU approved 90 billion support for 2026-27 to fund Ukraine.
International Monetary Fund forecasts $160 billion funding gap over two years.
Belgium demanded guarantees to avoid legal risks with frozen Russian assets.
Ukraine will repay the loan only after Russia pays reparations.
EU retains right to use frozen Russian assets if needed.
Belgian Prime Minister Bart De Wever sought binding guarantees for approval.
Hungary, Slovakia, and Czech Republic are exempt from joint borrowing guarantees.
European Commission's proposal to use frozen assets is secondary to joint borrowing.
Euroclear holds most frozen Russian assets, complicating immediate use.
1 month ago