Ukrainian President Volodymyr Zelensky speaks during a joint press conference with Germany's Chancellor Friedrich Merz (not pictured) at the German Chancellery. Michael Kappeler/dpa

Zelensky hails 'victory' for Ukraine after EU agrees huge loan

· Yahoo News

Ukrainian President Volodymyr Zelensky on Friday described the billions in further aid approved by the European Union as a "great victory" for his country.

The approval of these funds is positive news for the Ukrainian people and at the same time a signal to Russia that a continuation of the war is not worthwhile, Zelensky said in Warsaw after his meeting with Polish President Karol Nawrocki.

After months of negotiations, the EU states reached a compromise last night on financing Ukraine for the next two years.

Kiev will receive an interest-free loan of €90 billion ($105.5 billion) from the EU. If Russia does not pay compensation for the damage that the war has done to Ukraine, Russian assets frozen in the EU will be used for repayment.