European Coalition Agrees on New Sanctions and Financial Support for Ukraine

President Volodymyr Zelensky. The President’s Press Service.

Leaders of the Coalition of the Willing have agreed on new measures to pressure Russian oil and expressed Europe’s political readiness to use frozen Russian assets to fully support Ukraine. Zelensky said this in his evening address.

Sanction steps and financial aid to Ukraine

“There will be more sanctions against Russia – and in the direction where there are U.S. decisions. This is a very correct step by the U.S. president – the sanctions against two Russian oil companies. Today, absolutely all members of the Coalition of the Willing have agreed that this is how we should pressure Russia’s oil companies, the terminals, the fleet of Russian tankers, and the entire aggressor’s infrastructure. Today we have agreed on decisions that can greatly help us”

“There is political will in Europe to direct frozen assets of the Russian Federation to full-fledged support for Ukraine, for Ukrainians, and yesterday at the European Council a political decision was made. There is a clear framework for using the assets. Now in Europe we have agreed that by the end of the year this format should be implemented. Overall the mood in Europe is such that we understand: next year funding for Ukraine, for our people, will be secured”

“Everything that relates to weapons, air defense, positions on the front. There are already new packages from our partners, and our understanding of long-range capabilities is gaining more supporters. And that means there will be more of our effective long-range sanctions – direct-action sanctions against the Russian war machine. And this works across thousands of kilometers”

Zelensky stressed that he would not disclose all details to make it harder for Putin to predict the steps, but he confirmed the priority directions of sanctions, funding for Ukraine, and strengthening of defensive potential.