EU agrees €90 billion loan for Ukraine without tapping frozen Russian assets

EU agrees on €90 billion loan for Ukraine without using frozen Russian assets, relying on the bloc's budget.
EU agrees €90 billion loan for Ukraine without tapping frozen Russian assets
Why it matters
EU leaders reached a late-night agreement to provide Ukraine with a €90 billion loan over two years using the EU's common budget after failing to use €200 billion in frozen Russian assets held mostly in Belgium, due to liability-sharing disputes. Ukrainian President Zelenskyy had urged use of Russian assets to defend Ukraine and rebuild damage. The loan aims to address Ukraine's looming financial shortfalls as it faces continued warfare and diplomatic efforts advance, including US-Ukraine talks. Some EU member states, including Hungary, Slovakia, and the Czech Republic, abstained from committing to this joint debt. European Commission President Ursula von der Leyen stated Ukraine must repay the loan once Moscow compensates for inflicted damages. The deal reflects the EU's challenge of uniting diverse member interests while supporting Ukraine's defense and financial stability.
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