The European Union has approved a €90 billion loan package for Ukraine, designed to help the country sustain its defence and government operations amid the ongoing war with Russia. The deal, finalised after intense negotiations among EU leaders, deliberately excludes the use of frozen Russian state assets, which had been proposed by some member states.
While the agreement marks a major vote of confidence in Ukraine, it comes with conditions and requires formal approval and coordination among EU institutions before funds are disbursed. Some European countries had pushed for quicker aid, while others raised concerns about fiscal risks and legal complications.
Ukrainian President Volodymyr Zelenskyy welcomed the decision but stressed the importance of rapid implementation. “This support is critical, but timing is everything. Ukraine needs predictable and immediate aid to continue defending its people and economy,” he said.
The loan is expected to provide Ukraine with much-needed financial stability in the short term, while negotiations continue over longer-term reconstruction and potential additional aid. EU officials emphasized that delivering funds efficiently and transparently would be key to ensuring the loan meets its intended goals.
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