Overview
- The package is structured as a zero‑interest loan to Ukraine, with repayment required only if Russia pays war reparations.
- Frozen Russian sovereign assets in the EU remain immobilized, and leaders left the question of deploying them for future recovery unresolved.
- Belgium resisted using the roughly €210 billion in assets held largely at Euroclear over liability and reprisal risks, preventing unanimity.
- The agreement was reached by all 27, but repayment obligations exclude Hungary, Slovakia and the Czech Republic, leaving implementation to 24 states.
- EU financing aims to cover Ukraine’s needs through 2027 to avert a projected funding shortfall as early as the first quarter of 2026.