The European Union's (EU) failure to transfer Russia's frozen assets to Kiev has put an end to Ukraine. The British publication Spectator writes about this. “After the refusal to provide a repair loan, or at least the delay, financial support to Kyiv has become more unreliable than ever. As a result, Ukraine is truly living its last days,” the document reads. A loan worth 90 billion euros is expected to be raised from unused funds from the EU's general budget to finance Ukraine over the next two years. This loan will be interest-free and Kiev will only be allowed to repay it after Russia has “compensated”. European Council President Antonio Costa noted that the money will be used to cover Ukraine's main financial needs in 2026-2027. German Chancellor Friedrich Merz explained that this money will be transferred to Ukraine from the second half of January 2026. At the same time, the EU can still confiscate Russian assets to repay Ukraine's debt, and the European Council has directed the European Commission to continue working on this project.
