European Commission President Ursula von der Leyen said on 3 December that the European Union plans to cover two-thirds of Ukraine's external financing needs in 2026 and 2027, amounting to about €90 billion.

The European Commission has unveiled two decisions aimed at meeting Ukraine's financial needs for 2026-2027.

Sweden, as a state located close to Russia, recognises that Moscow poses a real threat and must be deterred.

The European Commission is set to present an official proposal for a mechanism to use frozen Russian assets for the benefit of Ukraine, also referred to as a "reparations loan", on Wednesday 3 December.

A working lunch between foreign ministers of the NATO-Ukraine Council has been scheduled for 3 December.

The European Commission is seeking alternative sources of liquidity to the European Central Bank (ECB) to provide Ukraine with a reparations loan in case the frozen assets need to be returned to the Russian Central Bank.

The current week may prove decisive for the course of negotiations on establishing peace in Ukraine.

European Commission Chief Spokesperson Paula Pinho has said that current anti-corruption investigations in Ukraine, particularly searches targeting senior officials such as Andrii Yermak, Head of the Office of the President of Ukraine, show that Ukraine's anti-corruption bodies are working.

The European Commission has received a letter from Belgian Prime Minister Bart De Wever regarding the possibility and conditions for using frozen Russian assets located in Belgium to finance Ukraine in 2026-2027.

European Commission chief spokeswoman Paula Pinho has said that Volodymyr Zelenskyy is Ukraine's democratically elected president and has noted that Kremlin leader Vladimir Putin appears to have difficulty recognising this.

The European Parliament on 27 November adopted a resolution titled EU position on the proposed plan and EU engagement towards a just and lasting peace for Ukraine.

Ukraine will need at least €135.7 billion in Western support for 2026-27, of which €83.4 billion is for defence needs.

The European Commission has proposed three options for providing financial assistance to Ukraine over the next two years.

When planning financial assistance for Ukraine for 2026 and 2027, the European Commission is currently assuming that Russia's war against Ukraine will end in late 2026.

Benjamin Haddad, France's Minister Delegate for European Affairs, has outlined the conditions that French President Emmanuel Macron has set for providing reparations loans to Ukraine backed by frozen Russian assets.

Ukraine will need more than €71 billion in financing in 2026, the lion's share of which is for military needs, according to the European Commission's estimates.

Kremlin leader Vladimir Putin could order an attack on a NATO state within the next two to four years, and the Baltic states may be one of Russia's most likely targets.

European Commission spokesperson Guillaume Mercier has said that investigations into corruption activity and the exposure of graft schemes involving senior officials have proved that Ukraine's anti-corruption bodies are functioning.

Norwegian Finance Minister Jens Stoltenberg has said that the European Union does not plan to involve Norway or any other non-EU country in its financial support schemes for Ukraine in 2026-2027.