Live: EU Countries Reach Agreement to Provide €90 Billion Loan to Ukraine
The European Union agrees on a €90 billion loan to Ukraine but fails to settle the use of frozen Russian assets.
SUMMARY
EU leaders reached an agreement to provide a €90 billion loan to Ukraine to cover its budget deficit, while failing to settle the use of frozen Russian assets, amid U.S. pressure to end the war between Russia and Ukraine.
KEY HIGHLIGHTS
- The European Union approves a €90 billion loan to Ukraine.
- Failure to reach a settlement on the use of frozen Russian assets.
- U.S. President Donald Trump pressures for a quick agreement to end the war.
CORE SUBJECT
EU Loan Agreement for Ukraine
EU leaders managed late Thursday-Friday night to reach an agreement to provide a €90 billion loan to Ukraine to cover the expected deficit in its budget, but they failed to find a settlement on using frozen Russian assets to provide funding. This comes as U.S. President Donald Trump is pressing for a quick agreement to end the ongoing war between Russia and Ukraine that has lasted nearly four years.
KEYWORDS
MENTIONED ENTITIES 4
European Union
🏛️ OrganizationA political and economic union of European countries
Ukraine
📍 Location_CountryA country in Eastern Europe experiencing war with Russia
Donald Trump
👤 Person_MaleFormer U.S. president pressing to end the war
Russia
📍 Location_CountryA country in Europe and Asia involved in the conflict with Ukraine