- EU leaders agreed to provide Ukraine with a €90 billion ($105 billion) interest-free loan to cover military and budget needs for 2026–2027, ensuring Kyiv can continue its defense against Russia.
- The loan will be financed through joint borrowing backed by the EU budget, rather than frozen Russian assets, with Hungary, Slovakia, and the Czech Republic receiving exemptions from participation in the loan.
- The original plan to use €210 billion in frozen Russian assets was blocked due to legal and financial concerns raised by Belgium, which holds most of the assets.
- The EU maintains that frozen Russian assets will stay immobilized and could eventually be used to repay the loan if Moscow pays war reparations.
- Ukraine risked running out of funds by spring 2026, with the IMF estimating €137 billion needed over two years, potentially jeopardizing its war effort.
EU Approves €90 Billion Loan to Ukraine, Without Frozen Russian Assets
