EU leaders agree to provide 90 billion euros to fund Ukraine, setting aside plan to use Russian frozen assets
Summary
EU leaders agreed to provide 90 billion euros in loans to fund Ukraine's defense over the next two years, setting aside the plan to use frozen Russian assets. The decision aims to maintain Ukraine's financial stability amid ongoing conflict with Russia.
Key Points
- EU leaders decided to provide 90 billion euros in loans to Ukraine for defense over the next two years.
- The plan to use frozen Russian assets for Ukraine funding was set aside due to legal and political complexities.
- The European Commission was mandated to continue working on a reparations loan based on Russian frozen assets.
- Hungary, Slovakia, and the Czech Republic agreed to the EU borrowing plan, allowing it to proceed despite earlier opposition.
