EU Council President Antonio Costa made the announcement after the EU leaders made the decision late on Thursday night (Dec 18). Photo: Wikimedia Commons
EU leaders approve 90 billion euro interest-free loan for Ukraine
The loan is being provided to meet Ukraine's military and economic needs for the next two years, said EU Council President Antonio Costa
Brussels, Dec 19 (AP) European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years, EU Council President Antonio Costa said.
“We have a deal. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27 approved. We committed, we delivered,” Costa said in a post on social media, without providing details about how the money would be raised.
The EU leaders worked deep into Thursday night to reassure Belgium that they would provide guarantees to protect it from Russian retaliation if it backed the loan for Ukraine. (AP)