The EU supports the creation of an international mechanism for registering losses in Ukraine, limiting Russian oil prices, and strengthening sanctions.

According to the EU summit results, the European Council has supported the creation of an international mechanism that will document the damage caused by Russia during the war in Ukraine.

The EU also promised to use frozen and immobilized Russian assets for Ukraine’s recovery and as compensation for damages.

In addition, the leaders of the EU member states agreed to continue the economic pressure on Russia by limiting oil prices.

As well, the European Council emphasized the need for effective implementation of sanctions and countering their circumvention by third countries. To this end, it proposes that the Council of the EU and the European Commission strengthen the necessary enforcement tools and develop a fully coordinated approach within the member states.