European Union leaders have announced a multi-billion-dollar funding package to support Ukraine’s economy and military over the next two years, with the plan to be financed through borrowing rather than by using frozen Russian assets held within the bloc.
The agreement, reached on Friday, December 19, is expected to provide critical financial relief to Ukraine at a time when the country is facing severe funding constraints.
As the EU unveiled the support package, Russian President Vladimir Putin used his end-of-year news conference to reiterate Moscow’s hardline position on the war, signalling that there would be no compromise on Ukraine. He also condemned proposals to redirect frozen Russian assets to Kyiv, describing such moves by the EU as “robbery.”
Against this backdrop, Russia’s top economic envoy, Kirill Dmitriev, is expected to travel to Miami for a briefing on the outcome of recent peace talks involving the United States, Ukraine, and European representatives. A Russian source familiar with the trip told CNN that the talks were held earlier this week in Berlin.
