US EditionEU Agrees on €90B Loan to Ukraine, Fails to Use Russian Assets
EU leaders agreed on a €90 billion loan to Ukraine for 2026-27 funded by borrowing on capital markets, after failing to use €200 billion in frozen Russian assets, amid urgent budget needs.
- 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.
446 Articles
446 Articles
Hawaii Tribune-Herald
Washington ExaminerWith new EU loan, Ukraine avoids budget crunch and can plan war effort
BRUSSELS — European leaders agreed Friday to help keep Ukraine funded for two years with a loan of 90 billion euros, or about $105 billion, though they decided against using frozen Russian assets to pay for the support.
Europe OKs billions for Ukraine, falters geopolitically
BRUSSELS — Just before 3 a.m. Friday, the news began to percolate through the European Union's cavernous headquarters in central Brussels. After more than 16 hours of negotiations, leaders from across the 27-nation bloc had come up with a plan…
EU Agrees 90 Billion Euro Loan For Ukraine Despite Divisions Over Frozen Russian (Worthy News Radio
by Stefan J. Bos, Worthy News Europe Bureau Chief BRUSSELS/WARSAW/BUDAPEST (Worthy News) – After hours of tense negotiations, European Union leaders agreed to provide Ukraine with a 90 billion euro loan (about $100 billion) to meet the wartorn nation’s urgent financial needs. However, they failed to reach a consensus on whether the loan should be secured using Russia’s frozen assets held in Europe. https://www.worthynews.com/wordpressimages/2025…
Kremlin officials praise the agreement after the lengthy debate on frozen assets as a "serious blow to the war thugs in the EU."
After a night of tense negotiations, the Twenty-Seven decided on Friday 19 December: a €90 billion zero-rate loan to support Ukraine, while excluding the use of Russian assets.
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