EU leaders set to agree on loan to Ukraine backed by EU budget - draft text

European Union leaders' summit in Brussels
European Council President Antonio Costa attends a European Union leaders' summit in Brussels, Belgium, December 18, 2025. REUTERS/Stephanie Lecocq
Source: REUTERS

European Union leaders could agree to borrow on the market, against the security of the EU budget, to keep Ukraine financed in 2026 and 2027, a draft text of the leaders' conclusions seen by Reuters showed on Friday.

But the leaders still want their governments and the European Parliament to continue working on setting up financing for Ukraine based on frozen Russian assets, the draft text said.

The joint borrowing against the EU budget would be with the exclusion of Hungary, Slovakia and the Czech Republic, said the draft, which has yet to be approved by the leaders.

This article was produced by Reuters news agency. It has not been edited by Global South World.

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