All eyes were on Brussels as EU leaders met for a make-or-break summit  to find a way to lend billions of euros to Ukraine. But as Belgium pushed back against the use of frozen Russian assets, demanding guarantees against potential repercussions from Russia, the EU settled on another plan: a €90 billion loan to Ukraine, which will only have to be repaid one Russia pays reparations.

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 […]

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.

European Union leaders agreed overnight to provide Ukraine with a 90 billion euros loan for 2026 and 2027, avoiding the use of frozen Russian assets that had been considered but faced strong opposition.

EU leaders decided to borrow cash rather than deploying frozen Russian assets. Read more at straitstimes.com. Read more at straitstimes.com.

BRUSSELS, Dec 19 - European Union leaders decided on Friday to borrow cash to lend 90 billion euros ($105 billion) to Ukraine to fund its defence against Russia for the next two years, rather than deploying an unprecedented plan to finance Kyiv with frozen Russian assets. 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 …