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UKRAINE

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The European Union will grant Ukraine a loan of EUR 90 billion financed by joint debt

For the time being, the authorities of the 27 will not use Russian assets to finance Ukraine. 

Cumbre UE Bruselas EFE
EU summit in Brussels. Photo: EFE

European Union leaders agreed early in the morning to lend EUR 90 billion to Ukraine, which will be financed by debt rather than assets blocked from Russia. 

Despite the unanimous decision, Hungary, Slovakia and the Czech Republic will not participate in the debt system

At last night 'smeeting of the leaders of the 27 in Brussels, the possibility of taking advantage of Russian assets, as proposed by the European Commission, has been on the table. In particular, Belgium has opposed this possibility because most of the assets blocked from Russia (around EUR 185,000) are present. 

In any event, the European Commission has been instructed to continue working on the selection of Russian assets.

Ukraine needs about EUR 136,000 over the next two years (financial and military aid), according to the International Monetary Fund, so it will cover two-thirds of that amount of the European Union and the rest will have to be provided by other international partners. 

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