The European Union to lend 90 billion euros to Ukraine, lacking agreement on frozen Russian assets, and delays on Mercosur
The European Union lends 90 billion euros to Ukraine despite no agreement on frozen Russian assets.
SUMMARY
The meeting of European heads of state in Brussels failed to reach an agreement on frozen Russian assets or Mercosur, but the EU decided to lend 90 billion euros to Ukraine to support its economy.
KEY HIGHLIGHTS
- Friedrich Merz considers the European meeting a failure.
- The EU lends 90 billion euros to Ukraine despite no agreement on frozen Russian assets.
- No consensus was reached on the trade agreement with Mercosur.
CORE SUBJECT
European loan to Ukraine and disagreement on Russian assets
For Friedrich Merz, who presents himself as the strongman of Europe, the meeting on Thursday, September 18 in Brussels of European heads of state and government ended in failure. The German chancellor arrived in the Belgian capital with two objectives: on one hand, to convince the other European leaders to adopt a firm stance on the management of frozen Russian assets, and on the other hand, to make progress on the trade agreement with Mercosur. However, no consensus was reached on these crucial issues. Furthermore, the European Union decided to lend 90 billion euros to Ukraine to support its economy in the face of war, despite the absence of an agreement on the distribution of frozen Russian assets. This decision marks an important step in the European commitment to Ukraine, while illustrating the persistent divisions within the EU on economic and geopolitical matters.
KEYWORDS
MENTIONED ENTITIES 5
Friedrich Merz
👤 Person_MaleGerman politician, considered a strong leader in Europe
European Union
🏛️ OrganizationPolitical and economic organization of European countries
Ukraine
📍 Location_CountryCountry receiving the European loan
Mercosur
🏛️ OrganizationSouth American trade bloc
Brussels
📍 Location_CityBelgian capital where the meeting of European heads of state was held