EU Pledges €1.5 Billion to Ukraine Monthly Throughout 2025, Says Newly Appointed European Council President

The European Union will continue to provide economic, humanitarian, and military aid to Ukraine throughout the upcoming year. This includes an immediate allocation of €4.2 billion to support Ukraine’s budget by the end of 2024 and monthly disbursements of €1.5 billion starting in January 2025.

This was announced by the President of the European Council, António Costa, during a joint press conference with Ukrainian President Volodymyr Zelenskyy in Kyiv.

“Later this month, the EU will allocate an additional €4.2 billion to support Ukraine’s budget. Furthermore, beginning next year, we will provide €1.5 billion in monthly assistance for a full year. These funds are sourced from frozen Russian assets and may also be utilized for military purposes,” Costa stated.

He condemned Russian attacks on Ukraine’s civilian infrastructure and energy systems, describing them as violations that endanger lives and disrupt essential services such as electricity, heating, and water supply.

“We are here today to show Ukrainians that they can count on our unwavering support. The EU will continue providing humanitarian, economic, military, and energy assistance. Regarding energy, we are ready to assist in repairing Ukraine’s power generation capacities to the extent possible,” Costa added.

The European Council President also emphasized the EU’s commitment to intensifying economic pressure on Russia. He announced plans for a 15th sanctions package aimed at limiting Russia’s ability to sustain its war against Ukraine.

He further criticized the Kremlin’s nuclear threats, underscoring that such actions pose risks to the international community and undermine the foundational principles of the UN Charter, including respect for sovereignty and territorial integrity.

The unannounced visit to Kyiv by Costa, alongside High Representative of the EU for Foreign Affairs and Security Policy Kaja Kallas and Commissioner for Enlargement Marta Kos, marks their first official engagement under a newly commenced mandate.