US EditionEU leaders agree on 90 billion euro loan to Ukraine after a plan to use Russian assets unravels
- After marathon talks in Brussels, EU leaders agreed on Friday to provide a 90 billion euro loan to Ukraine for 2026-27, following urgent discussions about Kyiv's cash needs.
- The EU estimates Ukraine needs an extra 135 billion euros to stay afloat and faces a cash crunch starting in April, while the IMF projects 137 billion euros for 2026-27, prompting President Volodymyr Zelenskyy to demand a year-end decision.
- The number one option had been to tap about 200 billion euros of frozen Russian assets, but Belgian Prime Minister Bart De Wever demanded liability guarantees and Russia's Central Bank sued Euroclear.
- Agreeing a compromise, leaders chose joint EU borrowing backed by the EU budget and headroom, granting Ukraine a zero-interest loan repayable only after reparations; Hungary, Slovakia and the Czech Republic secured exemptions.
- EU leaders noted they reserve the right to use immobilised Russian assets to repay the loan, while avoiding a legal precedent, as `This sends a clear signal from Europe to Putin: This war will not be worth it,` Merz said.
292 Articles
292 Articles
AfD Group in the German Bundestag [Newsroom]Berlin (ots) - The EU intends to raise a total of 90 billion euros in joint debt in 2026 and 2027 in order to grant Ukraine an interest-free loan. The repayment is to be made either via Russian reparation payments or via a ... Continue reading here...Original content of: AfD Group in the German Bundestag, transmitted by news up-to-date
EU leaders agree on €90 billion loan to Ukraine as 'plan B' to use of Russian assets
European Union leaders agreed on December 19 to provide a €90 billion interest-free loan to Ukraine. The joint borrowing will cover two-thirds of the country's financial needs for the next two years. Although hailed by several European leaders as a clear sign that the block stays behind Ukraine, it also comes as they failed to agree on a plan to use frozen Russian assets to fund military aid to Ukraine, says FRANCE 24's correspondent to Brussels…
Putin warns of 'severe consequences' for 'robbers' who use Russian frozen assets
Earlier today, the EU reached an agreement to provide a loan of $106 billion to Ukraine to help the country catch up on its budget shortfall. However, the decision to use Russian frozen assets has been put on hold for now
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