EU plans €90 billion in loans for Ukraine, with most funds for military support

European Commission President Ursula von der Leyen unveiled plans for the European Union to support Ukraine with €90 billion over two years, including €60 billion for military support and €30 billion for budget needs tied to reforms.
EU plans €90 billion in loans for Ukraine, with most funds for military support
Why it matters
European Commission President Ursula von der Leyen unveiled details of an EU plan to support Ukraine with €90 billion over the next two years, including €60 billion to bolster the military. Ukraine must spend the military funds on Ukrainian- and European-built equipment, with purchases from abroad allowed if needed equipment is not available in Europe. The remaining €30 billion is intended for Kiev’s budgetary needs and is tied to reforms on democracy, rule of law, and anti-corruption measures. EU leaders endorsed the funding plans in December, and the European Commission said the EU reserves the right to use immobilized Russian assets in the Union to repay the loan in accordance with EU and international law.
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