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BRUSSELS – The President of the European Council, António Costa, promised today to the Ukrainian President a “political decision” from Europe to support Ukraine’s financing over the next two years, with the Ukrainian head of state pleased by the increased pressure on Russia.
“Today we will make the political decision to ensure Ukraine’s financial needs until 2026 and into 2027. We will continue to work on the technical details with the European Commission, but the most important thing is the political decision and the clear message we are sending to Russia,” said Costa, speaking upon arrival at the European summit in Brussels alongside the guest, Volodymyr Zelensky.
In these joint statements with the Ukrainian President, who will participate in the first part of the European Council meeting, the leader of the European institution that brings together the heads of Government and State of the EU emphasized: “We are not tired and we are here to continue to support Ukraine diplomatically, politically, militarily, and financially, and this is the most important message for Russia.”
The EU is finalizing its proposal regarding the loan of reparations based on the frozen assets of the Russian central bank, which will be used to meet the financial needs of Kiev, and the idea today will be to give a mandate to the European Commission to proceed with its proposal.
“Russia must understand that it needs to effectively stop killing civilians, it must stop destroying civilian facilities, it must stop the war in Ukraine, and it must accept all diplomatic efforts, namely the efforts of the President [of the United States, Donald] Trump for peace negotiations,” outlined António Costa.
“It is now clear to everyone that President Zelensky accepts the ceasefire, accepts negotiations. What we need is for Russia to also accept, and last week, once again, the expectations created by President Trump were very welcome by all, [but] unfortunately there is only one person [the Russian head of state, Vladimir Putin] who does not accept,” the former Portuguese Prime Minister further stated.
Next to him, in a recurring participation in Brussels, Volodymyr Zelensky welcomed the adoption this morning of the 19th package of sanctions against Russia, after the lifting of the Slovak blockade, as it is becoming increasingly difficult for Russia to finance the war against Ukraine.(23/10/25)
Costa promises Zelensky a decision for financial support
“Today we will make the political decision to ensure Ukraine’s financial needs until 2026 and in 2027. We will continue to work with the European Commission on the technical details, but the most important thing is the political decision and the clear message we are sending to Russia,” said Costa, speaking upon arrival at the European summit in Brussels alongside the guest, Volodymyr Zelensky.
