European Union leaders agreed at a summit in Brussels on Dec. 18 to explore financing Ukraine’s 2026–27 funding needs through a loan backed by frozen Russian assets, temporarily setting aside plans for joint EU borrowing, Polish Prime Minister Donald Tusk said.
Speaking to reporters after the meeting, Tusk described the outcome as a political opening rather than a final decision, saying leaders had agreed it was “worth trying” to build a mechanism around Russian assets, even as major legal and risk-sharing hurdles remain.
