European Union leaders have agreed to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years.

European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years, EU Council President Antonio Costa said. “We have a deal. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27…

BRUSSELS (AP) — European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years, EU Council President Antonio Costa said. “We have a deal. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27 approved. We […]

“We have a deal. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27 approved. We committed, we delivered,” Costa said in a post on social media, without providing details about how the money would be raised

European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years, but they failed to bridge differences with Belgium that would have allowed them to use frozen Russian assets to raise the funds. After almost four years of war, the International Monetary Fund estimates that Ukraine will need 137 billion euros ($161 billion) in 2026 and 2027. The plan had been to use some of the 210 billion euros ($246 billion) worth of Russian assets that are frozen in Europe, mostly in Belgium.

EU leaders from the 27 member states agreed on €90 billion in additional loans for Ukraine in 2026-2027. Discussions also addressed bloc enlargement and migration. DW has the latest.

European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years, but they failed to bridge differences with Belgium that would have allowed them to use frozen Russian assets to raise the funds. After almost four years…

EU leaders meet in Brussels to decide on using frozen Russian assets to fund Ukraine. Germany backs the move, while Zelensky urges action. The EU proposes a €90 billion loan, but Belgium opposes, fearing Russian retaliation. Moscow calls it theft.

EU leaders are split in Brussels over using frozen Russian assets to fund Ukraine. Poland backs urgent action, while Belgium resists over legal and financial risks. Ukraine is pressing for a decision by year’s end.

The EU agrees to provide a 90 billion-euro ($106 billion) interest-free loan to Kyiv to help fund the war-torn country after failing to agree on a proposal to use frozen Russian assets to support Ukraine's economic and military needs in the coming years.

Bulgaria has indicated that it will back the use of frozen Russian assets to fund a loan for Ukraine, provided that such a measure is agreed upon by other European Union (EU) countries. Prime Minister Rosen Zhelyazkov made the stance clear during remarks to journalists in Brussels on Wednesday.

BRUSSELS, Dec 18 - A new draft text discussed by European Union leaders on Thursday offers Belgium ‍and ​other countries holding frozen ‍Russian assets unlimited guarantees for potential damages, should Moscow successfully ​sue ​them for an EU plan to lend them to Ukraine. Read more at straitstimes.com. Read more at straitstimes.com.

BRUSSELS | Xinhua |  Guarantees proposed by the European Union (EU) for using frozen Russian assets to finance Ukraine were “still insufficient,” said Belgian Prime Minister Bart De Wever on Thursday, warning that Belgium would not bear the risks alone. Addressing the Belgian parliament ahead of an EU summit, De Wever said he had not …