France welcomed a European Union decision to raise €90 bn in joint borrowing to support Ukraine in 2026–27, describing the move as a turning point in Europe’s security policy.
The agreement, approved by EU leaders at the European Council after weeks of negotiations, will channel around $105 bn in loans to Ukraine. Unlike previous mechanisms, the plan relies on collective borrowing rather than direct transfers from national budgets, signalling a shift toward shared financial responsibility as the war with Russia continues.
French Foreign Minister Jean-Noel Barrot said the decision marks a decisive step for Europe’s security posture. In a post on X, he noted that joint borrowing demonstrates the EU’s willingness to act collectively and take greater responsibility for its own defense.
The financing plan is seen as part of a broader reassessment of Europe’s long-term security strategy, with its implications also being closely watched by partners and neighbouring countries, including Turkiye.
Kursiv Uzbekistan also reports that the UK has expanded its Russia sanctions regime, adding 24 new entries to its consolidated list and imposing asset freezes and additional restrictions, according to a Financial Sanctions Notice issued on December 18, 2025.
