Belgian PM: Talks on Ukraine funding plan for 2026–2027 continue despite divide

Work on a financing plan for Ukraine for 2026–2027 is continuing despite persistent disagreements within the European Union, according to Belgian Prime Minister Bart De Wever.

De Wever said proposals on how to finance Ukraine remain subject to change and confirmed that the issue of providing a reparation loan to Kyiv is expected to be discussed at the EU summit scheduled for December 18–19, Caliber.Az reports via foreign media. 

According to Politico, European leaders appeared divided into "irreconcilable camps" as of the evening of December 17 and were publicly struggling to reach consensus on funding Ukraine. 

The outlet noted that long-standing north–south divisions over joint debt, similar to those seen during the eurozone crisis, have resurfaced and are complicating efforts to agree on a common approach.

De Wever also cautioned that seizing frozen Russian assets could breach international law and pose financial risks for the European Union as a whole.

He noted that such a step would be unprecedented, adding that similar measures were not taken even during World War II. He further said that the European Commission had not provided sufficient guarantees regarding how the associated risks would be distributed among member states.

By Sabina Mammadli