EU says Ukraine to spend bulk of 90-bn-euro loan on military needs
Summary
Two-thirds of a vital 90 billion euro EU loan to Ukraine will be spent on military needs, with the rest for general budget support, according to the European Commission.
Key Points
- Two-thirds of the 90 billion euros EU loan for Ukraine will cover military needs.
- The remaining funds are designated for Ukraine's general budget support.
- The European Commission aims for the first disbursement in April.
- EU will cover the interest costs through its budget, with repayment expected only when Russia compensates Ukraine.
