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

Published 3 hours ago
Source: scmp.com
EU agrees US$106 billion loan for Ukraine, but without Russian assets
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. “We have a deal. Decision to provide 90 billion euros of support to Ukraine for 2026-27...