European Commission announces financial support and asset transfers for Ukraine

The European Commission has announced a 90 billion euro support package for Ukraine, intended to cover fiscal needs and defense procurement throughout 2026 and 2027. Under this proposal, 45 billion euros will be disbursed by the end of 2026, with 16.7 billion allocated for fiscal support and 28.3 billion for defense industrial capabilities. The plan includes flexible procurement procedures specifically for drones, with further programs for missiles and ammunition expected in the coming months. Access to these funds is conditional upon Ukraine maintaining the rule of law, fighting corruption, and strengthening economic resilience. Concurrently, the European Commission transferred 1.4 billion euros in interest earned from immobilized Russian Central Bank assets to Ukraine. These funds, representing the fourth such transfer, were generated during the second half of 2025. While the primary assets remain frozen due to EU sanctions imposed following the invasion of Ukraine, the Commission maintains that the interest accrued does not belong to Russia. The support package proposal must now be approved by the Council of the EU.