Ukrainian president expresses gratitude to European leaders for loan plan despite their failure to take up proposal to use frozen Russian funds

European leaders gathering to decide on using frozen Russian assets to finance Ukraine for the next two years.

'We have a deal,' President of the European Council Antonio Costa posted on X. 'Decision to provide 90 billion euros of support to Ukraine for 2026-27 approved.'

Two-year deal will cover most of Ukraine’s needs, but will be secured against EU borrowing rather than Russian assets

Ukrainian had wanted the EU to use €200 billion of frozen Russian assets but Belgium opposed the move.

EU leaders agree on a €90 billion loan for Ukraine, but reject using frozen Russian assets for funding.

European leaders have agreed to continue funding Ukraine in its fight against Russia with a two -year, $105 billion loan to provide the embattled nation with munitions and other…

EU leaders decide to borrow cash to fund Ukraine’s defence rather than use frozen Russian monies, diplomats said.

Ukrainian president expresses gratitude to European leaders for loan plan despite their failure to take up proposal to use frozen Russian funds

EU leaders agreed to loan Ukraine €90bn to stay financially afloat for the next two years.

This €90bn agreement won out over a plan to use frozen Russian assets, but has been hailed a ‘huge deal for the EU’