Home United States USA — Political EU agrees US$106 billion loan for Ukraine, but without Russian assets

EU agrees US$106 billion loan for Ukraine, but without Russian assets

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EU leaders reach a compromise after plans to use frozen Russian assets failed to gain backing.
EU leaders struck a deal Friday to provide Ukraine a €90 billion (US$106 billion) loan to plug its looming budget shortfalls – but failed to agree on using frozen Russian assets to come up with the funds.
The agreement – which came after more than a day of talks at a summit in Brussels – offers Kyiv a desperately needed lifeline as US President Donald Trump pushes for a quick deal to end Russia’s war.

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