The European Commission has a new plan to help Ukraine. They want to use money made from frozen Russian government assets. The goal is to give Ukraine up to 90 billion euros from 2026. This money would cover most of the country's expected budget problems. It is a big step to support Ukraine's defense and rebuilding, using Russia's own resources.
The President of the European Commission, Ursula von der Leyen, explained the idea. She said it makes Russia's war more expensive for them. She hopes this will encourage Russia to negotiate for peace. The plan has two main options. The first is a large loan from EU financial markets. The second is a loan directly based on the profits from the frozen Russian assets.
However, the plan is not final yet. All 27 EU countries must agree, and some have concerns. Belgium, where much of the Russian money is held, is worried about financial risks and legal issues. The discussions will continue.
In other news, Cyprus is showing more support for Ukraine. The Cypriot president visited Kyiv and promised that when Cyprus leads the EU Council in 2026, it will focus on Ukraine. His plans include holding an important EU meeting in Kyiv and working on the problem of kidnapped Ukrainian children.
These steps show Europe is working on long-term support for Ukraine. If the plan using Russian assets succeeds, it will be a very important move in international law. The EU now needs to turn this idea into reality.