Source link : https://london-news.net/eu-leaders-secure-e90-billion-loan-for-ukraine-amidst-stalled-russian-asset-funding-plan/
On Friday, leaders of the European Union reached an agreement to extend a loan of 90 billion euros (approximately $105 billion) to Ukraine, aimed at stabilizing the finances of the war-affected nation. However, they did not come to a consensus on a more ambitious initiative to utilize frozen Russian assets for additional assistance.
The agreement was finalized after lengthy discussions during a summit in Brussels, providing Kyiv with essential financial support as U.S. President Trump calls for a swift conclusion to Russia’s ongoing conflict with Ukraine, which has lasted nearly four years.
European Council President Antonio Costa remarked, “The decision made today will equip Ukraine with the necessary resources to defend itself and support its people.”
Ukrainian President Volodymyr Zelensky expressed on X that the agreement constitutes significant backing that genuinely enhances Ukraine’s resilience. He further stressed the importance of keeping Russian assets immobilized and securing a financial guarantee for Ukraine in the coming years.
In Moscow, officials responded positively to the development. Kirill Dmitriev, the Kremlin’s lead economic negotiator, posted on Telegram that the EU had not “illegitimately used Russian assets to finance Ukraine,” noting that “for now, the law and common sense have triumphed.”
The loan, which is backed by the EU’s collective budget and intended for the next two years, falls short of earlier proposals to access…
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Publish date : 2025-12-25 15:47:00
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