Ukraine will resume strikes on Russian oil refineries, ending a three-day pause it held at Washington’s request, Ukrainian President Volodymyr Zelenskyy told the Financial Times in an interview published on 15 October. Russia kept bombing Ukraine’s energy system throughout the pause, while Kyiv lost US missile warnings and its Starlink service slowed. Zelenskyy said Ukraine would halt energy strikes again only in exchange for more US air defense.

Ukraine's deep-strike campaign targets the Russian oil industry, which fuels Russia's army in Ukraine and earns the export revenue funding the war. Striking the plants that turn Russian crude into fuel, 12 of them hit in September alone, is one of the few levers Kyiv controls on Moscow’s war income. US President Donald Trump has blamed those strikes for higher US fuel prices, which most analysts attribute to the Iran war, and Washington has threatened to withhold intelligence, and reportedly weapons, unless Kyiv gives it up. Each step Washington takes toward Moscow, from fuel waivers to talk of frozen assets, widens the gap Europe and Ukraine must fill, while Russia gains revenue and time to keep striking.

A pause that bought nothing

Zelenskyy said he stopped the refinery strikes for three days to meet US wishes, but Russia kept hitting Ukraine’s energy infrastructure and killing civilians. During the pause, Ukraine received no US warnings of ballistic missile launches, he said. Starlink also slowed across the country, hampering front-line operations and mid-range strikes on Russian military targets, he added.

Russia used those days to fire 39 ballistic missiles and more than 120 drones at Ukraine’s grid overnight into 14 October, leaving at least 600,000 people without power. “We hold energy ceasefire from our side,” Zelenskyy told Piers Morgan on 14 October. Of the Starlink slowdown, he added: “I’m sure that they knew what they did.”

The price of another pause

Ukraine could again stop hitting Russian energy only if it receives more US interceptors for its Patriot systems, Zelenskyy told the FT. He warned that a halt could simply invite more US-Russia deals that feed Russia’s war machine, and predicted the next one would involve gas.

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US intelligence officials had warned Ukraine’s embassy in Washington that a new strike on Russia’s energy facilities would end all intelligence sharing at once, The Washington Post reported, citing a person familiar with the matter. Washington has not fully cut it off, but the threat stands, the person said. Trump said on 13 October that the US was still sharing intelligence.

Washington’s other moves toward Moscow

A senior US official told Axios the administration had nothing to do with the Starlink limits, which Elon Musk had blamed on the US military. The administration is also considering easing sanctions on shadow fleet tankers, which have carried oil from Russia, Iran, and Venezuela, so the blacklisted vessels could haul non-sanctioned cargo, a US official told Reuters. The US Energy Department said the move would not help Russia ship its oil or fuel.

Washington eased sanctions on Russian oil this spring, after which Russia’s oil income jumped $890 million in a week, and it extended that waiver despite telling allies it would not. US envoys also proposed unfreezing part of Russia’s frozen assets to lure Moscow back to talks, an idea European officials rejected, the Financial Times reported.

Ukraine wants the EU to force Moscow into a ceasefire with frozen Russian assets, trade and transit embargoes, maritime bans, and entry bans, Ukrainian Foreign Minister Andrii Sybiha wrote on X after the EU Foreign Affairs Council in Luxembourg on 12 October 2026. He also welcomed new EU sanctions listings adopted that day and progress in Ukraine’s EU accession talks.

Kyiv has spent this month laying out truce formats it would accept while awaiting Russia’s position on talks, and the levers it is pressing the EU to use include frozen Russian assets that EU leaders failed to agree on tapping last December.

The pressure Kyiv wants from the EU

Sybiha called it “devastating pressure.” He also wants Russian combatants and their families barred from the EU, maximum visa restrictions, and Russia’s isolation in culture and sports.

His post named three types of ceasefire—energy, food security, and a full ceasefire—without saying whether Kyiv would accept them separately. Earlier this month, he told journalists Ukraine was ready for an energy and Black Sea ceasefire “but only in such a combination.”

New sanctions listings and two more accession clusters

The minister welcomed the EU’s 12 October adoption of new sanctions listings against Russia—the largest single expansion of the bloc’s blacklist. EU ambassadors agreed on the 1,646 names on 7 October. They include 1,569 tied to Russia’s military industry and 77 to its so-called State Duma elections. The listings are separate from the EU’s 22nd sanctions package, which the EU has yet to adopt.

He also welcomed the EU’s “green light” for opening two more clusters in Ukraine’s EU accession talks: Internal Market, and Competitiveness and Inclusive Growth. The formal opening was scheduled for an intergovernmental conference on 13 October.

Front-line briefing and aid requests

Sybiha said he briefed European colleagues on the front-line situation, Russia’s plans, and ways to deprive it of its advantages, and that he passed partners specific requests for aid. He reaffirmed Ukraine’s commitment to reforms.

Germany is preparing a new meeting of the Coalition of the Willing to coordinate further support for Ukraine, President Volodymyr Zelenskyy said on 12 October following a conversation with German Chancellor Friedrich Merz.

Russia continues to strike Ukraine’s energy infrastructure despite US President Donald Trump’s claim that Moscow has agreed to an energy truce. German Chancellor Friedrich Merz is initiating a meeting of European leaders to discuss assistance to Ukraine in this situation.

Kyiv and Berlin have also agreed to hold a meeting of national security advisers in the E3 format, with Ukraine participating, according to the statement. The format involves an informal grouping of three leading European countries: the United Kingdom, France and Germany.

Zelenskyy and Merz discuss energy truce and support for Ukraine

During the conversation, the two sides also discussed US President Donald Trump’s proposal for an energy truce and Russia’s subsequent actions. Russian forces continue to attack Ukraine’s energy infrastructure, Zelenskyy noted.

“This is exactly how the Russians behave when pressure eases. It is very important that Europe continue to act on principle,” Zelenskyy stressed.

Germany is coordinating preparations for a meeting of the Coalition of the Willing, the Ukrainian president noted. The two sides also discussed support for Ukraine’s financial stability. Further steps are to be coordinated in greater detail during a meeting scheduled for this week, Zelenskyy said.

The Coalition of the Willing seeks additional support for Ukraine

The Coalition of the Willing was initiated by the United Kingdom and France, which held talks with representatives of 37 countries in March 2025 on supporting Ukraine in the event of a peace agreement. The initiative envisaged financial assistance and the deployment of troops, air forces or naval forces to protect Ukraine against renewed Russian aggression, Bloomberg reported.

The latest meeting of the Coalition of the Willing took place on 24 August and was the 16th meeting, according to a statement on the website of the President of Ukraine. Zelenskyy called on partners to strengthen Ukraine’s air defense and provide at least 300 missiles for Patriot systems for the winter, the statement said.

The president also proposed bringing forward part of the European loan financing planned for 2027 so that Ukraine could receive the funds this year. He separately stressed the need to find a mechanism for using frozen Russian assets to defend Ukraine and to unblock the maritime corridor in the Black Sea.

“We value this format—the Coalition of the Willing. It brings together countries that are ready not only to talk about security but also to act. We need this—to act and build real security together,” Zelenskyy stressed.

A ceasefire in words, but fresh attacks on energy infrastructure in practice

Ukraine and Russia had allegedly agreed to an immediate energy ceasefire, US President Donald Trump said on Truth Social on 11 October. However, at the time of publication, neither Kyiv nor Moscow had confirmed such an agreement, Ukrainska Pravda reported.

Ukraine supports the ceasefire and is awaiting details from the US side, Volodymyr Zelenskyy said in a post on X the same day. Russia must also agree to halt the strikes, he stressed.

Ukrainian forces had received the relevant orders, and Kyiv was ready to refrain from striking Russian energy infrastructure provided Russia reciprocated, Zelenskyy said in his evening address on 11 October.

Russia continued attacking Ukraine’s energy infrastructure after the ceasefire was announced, including striking a gas production facility and a petrol station, Zelenskyy said on his official Telegram channel on 12 October. Moscow had shown no willingness to abide by the ceasefire, the president added.

The European Commission is discussing with EU member states various options to cover Ukraine's budget deficit for next year, which could range from $8 billion to $19 billion, the Financial Times reported on July 8.

International partners have provided Ukraine with over $39 billion for its wartime economy so far this year, Prime Minister Denys Shmyhal announced.

The financial hole in Ukraine's budget is linked to reduced U.S. support and the lack of prospects for a swift ceasefire with Russia that Europe had hoped for, the Financial Times reported.

A senior EU official told the publication that many of Ukraine's partners had previously counted on a peace deal in 2025, but are now forced to revise their funding plans.

This includes the European Commission, which has already adjusted spending from Ukraine-related funding streams.

Without support from Western partners, Kyiv would face a budget deficit of $19 billion in 2026, according to the Financial Times. However, even if additional international financing for the wartime economy can be secured, a gap of at least $8 billion would remain.

To support Ukraine's budget, Europe is considering providing military aid in the form of off-budget grants that would be recorded separately as external transfers but would count toward NATO member countries' national defense spending targets.

One EU diplomat told the Financial Times that military support for Ukraine is viewed as a contribution to the defense of all of Europe.

In a document for G7 countries reviewed by Financial Times, Kyiv proposed that European allies co-finance Ukrainian forces, framing this as a service to strengthen continental security.

Other support options under discussion include potentially accelerating payments from the existing $50 billion G7 loan program and reinvesting frozen Russian assets in higher-yield financial instruments that the EU allocated to help service the debt.

According to the Financial Times, two sources confirmed that the commission planned to discuss these options with EU finance ministers on July 8.

The funding issue will also be raised at the Ukraine Recovery Conference in Rome on July 10-11, dedicated to Ukraine's reconstruction needs. European Commission President Ursula von der Leyen will attend the event.

The U.K. has used interest generated from frozen Russian assets to purchase weapons for Ukraine, buying 350 air defense missiles worth £70 million ($87 million), The Guardian reported on June 25.

The move represents the U.K.'s first direct use of Russia-linked funds to buy weaponry for Kyiv.

The weapons purchase was funded through Britain's Extraordinary Revenue Acceleration (ERA) scheme, which captures interest from frozen Russian central bank assets.

According to The Guardian, the missiles, originally designed as air-to-air weapons, were converted by RAF engineers and MBDA UK in just three months to fire from ground-based systems.

Five additional Raven launcher systems will accompany the missiles to Ukraine, bringing the total to 13.

U.K. Prime Minister Keir Starmer announced the package ahead of NATO's annual summit.

"Russia, not Ukraine, should pay the price for Putin's barbaric and illegal war," he said.

The package is part of Britain's largest-ever annual military commitment to Ukraine of £4.5 billion ($5.6 billion), the Guardian reports.

It follows a £1.6 billion ($2.0 billion) deal in March for over 5,000 air defense missiles and a separate £350 million ($436 million) investment to increase drone deliveries tenfold.

The announcement comes as Starmer and President Volodymyr Zelensky agreed to work closely on military production between the UK and Ukraine. On June 24, Ukraine's Defense Minister Rustem Umerov announced that Britain will finance Ukrainian-designed drones manufactured in the UK.

European countries cannot fully confiscate the frozen Russian assets due to concerns about international law and financial stability. The European Central Bank warned that such a move could undermine confidence in the euro as a reserve currency, since most of the assets are euro-denominated.

Instead, only the interest generated from these funds is currently being used to back a $50 billion loan package for Ukraine, while the principal amount of 300 billion euros ($348 billion) remains frozen but not seized.

In June, Ukraine received another 1 billion euros ($1.1 billion) from the EU as part of the G7 loan program backed by frozen Russian assets, Prime Minister Denys Shmyhal announced.

The European Union is developing a plan to generate more revenue for Ukraine by shifting nearly 200 billion euros ($215 billion) in frozen Russian assets into higher-yield, riskier investments, Politico reported on June 19, citing unnamed sources.

The assets, largely held by Belgium-based clearinghouse Euroclear, have been immobilized since 2022 under EU sanctions imposed following Russia's full-scale invasion of Ukraine.

Under the current framework, the funds are invested conservatively with the Belgian central bank, generating low but steady returns. In 2024, this approach yielded around 4 billion euros ($4.3 billion) in windfall profits, which the EU allocated to help service a G7-backed 45-billion-euro loan for Ukraine (around $50 billion).

Now, with that loan largely disbursed and concerns mounting over future financing, especially amid signals from U.S. President Donald Trump that American support could be scaled back, EU officials are under pressure to find new funding streams.

According to Politico, the proposed plan would redirect the frozen Russian assets into a special investment fund under EU control, allowing for higher returns without confiscating the assets — a move designed to sidestep legal and political opposition.

As part of the current G7-led funding framework, Ukraine has already received 7 billion euros ($8 billion) from the EU under the Extraordinary Revenue Acceleration (ERA) initiative, which uses profits from frozen Russian sovereign assets to fund loans.

Prime Minister Denys Shmyhal confirmed on June 13 that a fifth tranche of 1 billion euros ($1.1 billion) had been disbursed to support Ukraine's state budget. The ERA mechanism, part of the broader $50 billion G7 program, aims to ensure stable financing for Kyiv while making Russia shoulder the cost of its aggression.

According to Politico, finance ministers from all 27 EU countries are expected to debate the idea during an informal dinner in Luxembourg on June 19.

Poland, which currently holds the Council of the EU's rotating presidency, emphasized the urgency of the discussions, writing in an invitation letter seen by Politico that "further steps regarding the sanctions regime" and the potential use of frozen Russian assets "must be addressed."

The European Commission has also been holding informal consultations with a group of member states, including France, Germany, Italy, and Estonia, to explore legal options for keeping the Russian assets frozen in case Hungary exercises its veto power during the semiannual sanctions renewal process. So far, no workaround has been finalized.

Hungarian Prime Minister Viktor Orban has repeatedly threatened to block sanctions extensions as a gesture of goodwill toward Moscow, raising concerns the assets could be unfrozen and returned to Russia by default.

By now, much of the EU's 50-billion-euro ($57 billion) Ukraine Facility, agreed in 2023 and intended to last through 2027, has already been spent. The bloc's broader 1.2-trillion-euro ($1.37 billion) budget is stretched thin, and any additional top-ups would also require unanimous support.

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The Kyiv IndependentChris York

Ukraine has received another 1 billion euros ($1.1 billion) in macro-financial assistance from the European Union as part of a G7 loan, Prime Minister Denys Shmyhal announced on June 13.

"This is the fifth tranche of macro-financial assistance from the EU under the ERA Extraordinary Revenue Acceleration) initiative," Shmyhal wrote on social media. "The funds will be directed toward key expenditures of the state budget."

Shmyhal thanked Ukraine's partners for their "consistent and reliable support," adding, "Together, we will make (Russia) pay for all the damage caused to Ukraine."

According to Shmyhal, Ukraine has received a total of 7 billion euros ($8 billion) from the European Union under the ERA initiative, which is funded by the windfall profits generated from immobilized Russian sovereign assets.

The ERA mechanism, launched by the G7 and backed by the EU and the United States, is a $50 billion program designed to support Ukraine through loans repaid using future income from frozen Russian assets. Since Russia's full-scale invasion in 2022, G7 countries have frozen around $300 billion in Russian sovereign assets.

Ukraine received the previous 1-billion-euro tranche on May 8 as part of the fourth installment of EU aid under ERA.

EU provides Ukraine with $1 billion tranche under G7 loan covered by Russian assets

This is the fourth such tranche from the bloc, which is secured by proceeds from frozen Russian assets.

The Kyiv IndependentKateryna Hodunova