US EditionEU Greenlights €90-Billion Lifeline for Ukraine Amid Sanctions on Russia
4 Articles
4 Articles
EU Greenlights €90-Billion Lifeline for Ukraine Amid Sanctions on Russia
EU Greenlights €90-Billion Lifeline for Ukraine Amid Sanctions on Russia The European Union has taken a firm stand by approving a €90-billion loan to support Ukraine while imposing new sanctions on Russia. This significant financial aid comes as Ukrainian President Volodymyr Zelenskiy attends a summit in Cyprus with bloc leaders, underscoring urgent economic support amid the continued Russian aggression.EU Commission Chief Ursula von der Leyen s…
High-level tensions in the European Union over the future multiannual budget. Romania and fifteen other member states are demanding more money for agriculture and the defense of the eastern flank, something rejected by the rich states, led by the Netherlands. Meeting in Cyprus, European leaders managed to unblock the 90 billion euro loan granted to Ukraine.
President Maia Sandu welcomed the decision of the European Union to approve a EUR 90 billion loan to support Ukraine and adopt a new package of sanctions against Russia. The Head of State stressed that the measures reflect the EU's firm commitment to support Kiev and increase pressure on Moscow.
EU loan throws Ukraine a lifeline but more help needed for war
The approval of a 90-billion-euro European Union loan throws Ukraine a lifeline, averting deep cuts to public services, but Kyiv may need more money to meet its military needs this year, economists and officials said. Ukraine’s budget foresees a massive deficit of around 1.9 trillion hryvnias ($43 billion) in 2026 – around one fifth of […]
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