“EU leaders decided to provide Ukraine with a loan of 90 billion euros in 2026-2027. President Volodymyr Zelenskyy thanked for this support”, — write: www.radiosvoboda.org
“This is a significant support that really strengthens our resilience. It is important that Russian assets remain immobilized and that Ukraine has received a financial security guarantee for the coming years. Thank you for the result and unity,” he wrote in a telegram.
On the night of December 19, EU leaders approved the decision to provide Ukraine with 90 billion euros for the next two years. It is a loan supported by the EU budget, and not a reparation loan, which has been actively discussed in recent weeks.
“As an urgent measure, we will provide a loan secured by the EU budget. This will allow to meet urgent financial needs of Ukraine. Ukraine will return this loan only after Russia pays reparations. The EU reserves the right to use frozen assets to repay this loan,” said the President of the European Council, Antonio Costa.
At the same time, he noted that the European Commission has been given the authority to continue work on the reparation loan based on Russia’s frozen assets.
The leaders of the European Union countries, who gathered in the morning of December 18 for a two-day summit in Brussels to, in particular, agree on the financing of Ukraine for the next two years, began to discuss the reparation loan late in the evening of December 18.
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The reparation loan was considered as a mechanism of financial support for Ukraine in the amount of up to 90 billion euros for the next two years at the expense of revenues and cash balances of frozen Russian assets, the total amount of which in Europe is estimated at about 210 billion euros.
Russia categorically rejects any attempts to confiscate its funds and calls the possible use of these assets for the benefit of Ukraine theft.