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Finally, we propose stronger legal safeguards for EU companies to protect them from violations of their IP rights or from unfair expropriation in Russia due to abusive court rulings in connection with sanctions.
Russia's fiscal revenues from oil and gas dropped by 24% in 2025 compared to the previous year, the lowest level since 2020, widening its fiscal deficit. Oil and gas revenues in January will be the lowest since the war began. Interest rates stand at 16%, inflation remains high.
This confirms what we already knew; our sanctions work, and we will continue to use them until Russia engages in serious negotiations with Ukraine for a just and lasting peace.
I now call on the Member States to swiftly endorse these new sanctions. Doing so would send a powerful signal ahead of the grim 4th anniversary of this war: our commitment to a free and sovereign Ukraine is unwavering. And if anything, it grows stronger day by day, month by month, year by year.
We are sending hundreds of generators to keep the heat and lights on in homes, hospitals and shelters.
The Council has just adopted our €90 billion loan for Ukraine, ensuring it has the means to defend itself and remain strong under relentless Russian attacks.
Together with the United States and the Coalition of the Willing, we are advancing a peace plan that includes strong security guarantees for Ukraine.
And with our US partners, we are devising a plan for Ukraine's post-war recovery and long-term growth – a single, unified Prosperity Framework.
Across all these efforts runs one clear thread, one shared objective, one firm conviction: that Ukraine's security, prosperity, and free future lie at the heart of our Union.