European Union leaders have reached an agreement to grant Ukraine a €90 billion loan (£79 billion; $105 billion), after failing to reach consensus on the use of frozen Russian assets.
The agreement, which leaders said will cover Ukraine’s military and economic needs for the next two years, was reached after more than a day of talks at a summit in Brussels, the BBC reports, as relayed by Sinjali.
“We committed, we delivered,” wrote EU Council President António Costa on X, announcing the deal to provide a loan backed by the bloc’s common budget.
Ukrainian President Volodymyr Zelensky had urged leaders to use €200 billion in frozen Russian assets, but Belgium—where the vast majority of these funds are held—requested guarantees on the sharing of responsibility, a demand that proved unacceptable to other countries.
