Ukrainian president expresses gratitude to European leaders for loan plan despite their failure to take up proposal to use frozen Russian funds
EU leaders agree €90bn loan for Ukraine but without use of frozen Russian assets
The EU agreement to provide Kyiv with an €90bn interest-free loan will cover most of Ukraine’s needs but be secured against EU borrowing rather than Russian assets.
As Jennifer Rankin reports from Brussels, after talks ended in the early hours of Friday, the European Council president, António Costa, told reporters: “We committed and we delivered.”
He said EU leaders had approved a decision to make a €90bn loan to Ukraine for the next two years backed by the EU budget, which Kyiv would repay only once Russia pays reparations.
