Afghanistan, Dec. 19 -- European Union leaders agreed a €90 billion loan for Ukraine, choosing joint borrowing over frozen Russian assets, as Kyiv faces mounting financial pressure amid the ongoing war.
European Union leaders agreed on Friday to provide Ukraine with a €90 billion loan, opting to borrow against the bloc's common budget after failing to reach consensus on using frozen Russian assets.
The deal was reached after more than a day of talks at an EU summit in Brussels and is intended to cover Ukraine's military and economic needs over the next two years, EU officials said.
European Council President Antonio Costa said the agreement demonstrated unity, while Ukrainian President Volodymyr Zelensky welcomed the loan as ...