Brussels, Feb. 11 -- The European Parliament has approved the EUR 90 billion loan package aimed at supporting Ukraine amid the ongoing war with Russia, which will be entering its fourth year this month.

In a vote held on Wednesday, Members of the European Parliament (MEPs) adopted three legislative proposals enabling the EU to provide financial assistance to Ukraine for 2026 and 2027, designed to address Ukraine's urgent financing needs as the conflict enters its fifth year.

According to the European Parliament's press release, EUR 30 billion will be allocated to macro-financial assistance and budgetary support through the EU's Ukraine Facility, while the remaining EUR 60 billion will be directed towards strengthening Ukraine's defence ...