Brussels may have found a solution — and Putin won't like it

Two-thirds of the amount would be allocated for military support.

"Two-thirds of this amount should be directed toward military support, with an emphasis on integrating the European and Ukrainian defense industries," the Élysée Palace statement reads, Reuters reported via Ukrinform.

It is emphasized that the priority is to approve the €90 billion for 2026–2027 based on Russian assets that were recently frozen for the long term, before transitioning to regular funding under the next EU budget from January 1, 2028.

It was also confirmed that discussions on guarantees to be provided to Belgium are progressing, with the note that "guarantees would need to apply to all states in order to be acceptable."

The Élysée Palace stated that the European Commission’s priority is assets held in Euroclear central deposits, rather than the Russian Federation’s sovereign assets in commercial banks.

"This allows us to work on guarantees that are targeted and specific to central deposits, without additional legal obstacles and complexity," the Élysée Palace statement reads.

The funds planned for Ukraine are primarily intended for military support.

"This reparations loan will have a military component that will be significant," the Élysée Palace confirmed.