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EU agree €90bn loan for Ukraine without using Russian assets

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EU agree €90bn loan for Ukraine without using Russian assets

European Union leaders have struck a deal to give Ukraine a €90bn (£79bn; $105bn) loan after failing to agree on using frozen Russian assets.

Axar.az informs, citing BBC, the agreement, which leaders said would meet Ukraine's military and economic needs for the next two years, came after more than a day of talks at a summit in Brussels.

"We committed, we delivered," EU chief Antonio Costa wrote on X as he announced the deal to provide a loan backed by the bloc's common budget.

Ukrainian President Volodymyr Zelensky had urged leaders to use €200 billion of frozen Russian assets but Belgium, where the vast bulk of the cash is held, demanded guarantees on sharing liability that proved too much for other countries.

In another development, French President Emmanuel Macron said he believed it would be "useful" for Europe to re-engage with Russian President Vladimir Putin.

"I believe that it's in our interest as Europeans and Ukrainians to find the right framework to re-engage this discussion," he said, adding that Europeans should find the means to do so "in coming weeks".

EU ⁠leaders avoided "chaos ‍and ‍division" ​with ‌their decision to provide Ukraine with a loan through borrowing cash rather than ​use frozen Russian assets, Belgian Prime Minister Bart De ​Wever said early on Friday.

"We remained united," De ‌Wever added.

Date
2025.12.19 / 10:36
Author
Axar.az
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