EU leaders agree on €90 billion loan to Ukraine as 'plan B' to use of Russian assets
PositiveWorld Affairs

- European Union leaders have agreed to provide a €90 billion interest-free loan to Ukraine, which will cover two-thirds of the country's financial needs over the next two years. This decision comes amid ongoing discussions about the use of frozen Russian assets to support Ukraine's military and economic efforts, which have not yet reached a consensus.
- The loan is seen as a significant commitment from the EU to support Ukraine during a critical period, especially as the country faces a substantial budget deficit and ongoing conflict with Russia. Ukrainian President Volodymyr Zelensky has been advocating for the release of frozen Russian assets to further bolster Ukraine's financial position.
- This development highlights the EU's ongoing support for Ukraine amidst complex geopolitical dynamics, including the challenges of securing military aid and the differing opinions among EU member states regarding the use of Russian assets. The situation reflects broader themes of international solidarity and the financial strains faced by Ukraine as it continues to defend itself against Russian aggression.
— via World Pulse Now AI Editorial System





