New EU loan to Ukraine was 'not what most EU member states wanted'
NegativeWorld Affairs

- The European Union has announced a joint €90 billion loan to support Ukraine, a decision that diverges from the initial expectation of utilizing frozen Russian assets for this financial aid. The loan will be backed by the EU's common budget, with repayments contingent on Russia covering reparations for the damages caused in Ukraine.
- This development is significant as it reflects the EU's ongoing commitment to assist Ukraine amid its financial struggles, particularly as the country faces a substantial cash shortfall due to the ongoing conflict with Russia.
- The decision highlights the complexities of EU member states' positions on funding Ukraine, with divisions evident over the use of frozen Russian assets, which some leaders advocate for while others express concerns about potential repercussions from Moscow.
— via World Pulse Now AI Editorial System






