"Volodymyr Zelenskyy has said he is grateful to European Union leaders after they agreed on a plan to provide Ukraine a 90bn ($105bn) loan to cover its looming budget shortfalls. This is significant support that truly strengthens our resilience, the Ukrainian president said in a post on X on Friday. The EU leaders' agreement came at summit talks in Brussels, however they failed to agree on using frozen Russian assets to make up the loan funds."
"The EU deal came after leaders settled on granting an interest-free loan for the next two years backed by the bloc's common budget, providing Kyiv a lifeline as Donald Trump pushes for a quick deal to end Russia's war in Ukraine. Today's decision will provide Ukraine with the necessary means to defend itself and to support the Ukrainian people, said European Council head Antonio Costa, who chaired the summit."
Volodymyr Zelenskyy expressed gratitude after EU leaders agreed a €90bn ($105bn) loan to cover Ukraine's looming budget shortfalls. The package is interest-free for two years and backed by the EU's common budget to strengthen Ukraine's resilience and provide a financial lifeline. EU leaders did not reach agreement to tap frozen Russian central bank assets; Belgium's demands over liability sharing blocked that option. European Council head Antonio Costa said the decision will provide Ukraine with means to defend itself and support its people. US and Russian representatives are set to hold fresh talks in Miami amid calls for a quick peace deal.
Read at www.theguardian.com
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