Archive · 10 Dec 2025
EU nears deal on Russian assets
The European Union is very close to finding a way to use frozen Russian assets to help Ukraine.
The head of the European Council, Antonio Costa, said they are working on a legal and technical solution.
He is confident that EU leaders will make a decision about this on December 18.
The goal is to get agreement from most of the EU member countries.
The EU wants to use 210 billion euros of frozen Russian money to help Ukraine for the next two years.
Belgium wants guarantees from other countries to share any financial risks if Russia sues over this plan.
The EU also wants other G7 countries like Britain, Canada, and Japan to support this plan.
The EU is close to a solution to finance Ukraine using frozen Russian assets.
Antonio Costa, Head of the European Council, expressed confidence in a decision by December 18.
The solution aims to obtain agreement from a qualified majority of EU member states.
Belgium wants guarantees from other EU countries to share financial risks if Russia sues.
The EU plans to issue a Reparations Loan of up to 165 billion euros to Ukraine.
- Who
- Antonio Costa, Head of the European Council
- What
- EU is close to a solution on frozen Russian assets for financing Ukraine
- When
- December 9, 2023 (announcement), decision expected on December 18, 2023
- Where
- Dublin, Ireland
- Why
- To secure a qualified majority of member states' agreement on financing for Ukraine
- Key Figure
- Antonio Costa, Head of the European Council
- Location
- Dublin, Ireland
- Event Date
- December 9, 2023
- Decision Date
- December 18, 2023
- Topic
- Financing for Ukraine
- Frozen Assets
- 210 billion euros
- Proposed Loan
- 165 billion euros
Sources
EU’s Costa: we are very close to solution on frozen Russian assets
EU close to deal on Russian assets, summit to go on until agreement – Costa
EU close to a deal on Russian assets, summit to go on until agreement, Costa says
It’s EU versus Orban over confiscating frozen Russian assets: Tussle set for Dec 18 battle
