EU to allocate €30 billion to support Ukraine in 2025

Espreso correspondent Tetiana Vysotska reported that in 2025, the EU plans to allocate an unprecedented €30 billion to Ukraine over the next year.

"EU leaders have already approved conclusions regarding Ukraine. This document is signed by all summit participants after discussions. Next year, the EU plans to provide Ukraine with an unprecedented €30 billion. For comparison, the largest support volume in previous years of full-scale aggression amounted to approximately €18 billion," Vysotska explained.

According to the correspondent, €12.5 billion will be allocated to Ukraine through the Ukraine Facility fund, while another €18.1 billion will come from extraordinary income generated from frozen Russian assets. In other words, Russia will pay over €18 billion to Ukraine.

"The document also retains the phrase about frozen Russian assets, which was questioned by some delegations. It states that frozen Russian assets must remain frozen until Russia ends its war against Ukraine and compensates for all damages caused by the war. This means the EU will not compromise with Putin and will not allow the unfreezing of Russian Central Bank funds until Russia pays reparations to Ukraine," Vysotska emphasized.

Vysotska also added that the EU document once again highlights that the bloc will continue to support Ukraine as long as necessary. This support will be provided in political, economic, humanitarian, military, and diplomatic spheres, at the intensity required to ensure Russia does not prevail, as stated in the document.

"The EU summit also supports peace in Ukraine based on its peace formula, clarifying that no decisions concerning Ukraine can be made without its participation," Vysotska noted.

• In December of this year, the European Union will allocate an additional €4.2 billion to Ukraine for budget support. Starting January 2025, the EU plans to provide €1.5 billion monthly from profits generated by frozen Russian assets.