European Union plans to discuss a plan to channel nearly €200 bn in frozen Russian assets toward Ukraine's reconstruction, as Ukraine confronts an €8 bn budget deficit in 2026.
The European Union announced its third transfer of €1.6 billion generated from frozen Russian assets, with 95% of the funds now flowing through Ukraine's loan cooperation mechanism
Poland's foreign minister suggested using seized Russian asset profits for Ukraine arms funding, asking EU colleagues whether it "should be a burden shouldered by our taxpayers or the Russians."
Ukraine must establish an engineering command center to transform frontline needs into mass-produced miracles, says Anatolii Khrapchynskyi at Ukraine–EU defense forum in Brussels.
Ukraine has begun accessing frozen Russian assets through a $2 billion World Bank support package, marking a historic shift in using seized funds for reconstruction.