Berlin: German Chancellor Friedrich Merz announced that a pound 90 billion ($105 billion) EU financial package for Ukraine has been finalized, describing it as a significant political statement to Russia amid ongoing discussions about the potential use of frozen Russian assets by the European Union.

According to Anadolu Agency, Merz expressed on the social media platform X that the financial package for Ukraine is confirmed, emphasizing that Ukraine will receive the loan interest-free, as he initially proposed. He underscored the loan's importance, stating, "This sends a clear signal from Europe to Putin: This war will not be worth it. We will keep Russian assets frozen until Russia has compensated Ukraine."

The chancellor's comments followed the European Council's agreement, achieved after weeks of rigorous negotiations, to support Ukraine via capital market borrowing for the years 2026 and 2027. This decision emerged after EU member states were unable to agree on the direct use of frozen Russian assets to aid Kyiv, as highlighted by EU Commission President Ursula von der Leyen.