Home WorldEU Approves Massive $100 Billion Loan for Ukraine

EU Approves Massive $100 Billion Loan for Ukraine

by Kyle Anzalone
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The European Union approved the framework for a $106 billion loan to Ukraine. The EU sought a much larger package that would use frozen Russian assets to fund Ukraine, but was unable to reach a consensus.

“I welcome the European Parliament’s speedy adoption of our proposal for an additional €90 billion loan for Ukraine. Ukraine's courage is unshakable,” European Commission President Ursula von der Leyen wrote on X. “And so is Europe's resolve to stand by its side. Today and tomorrow! Because a strong Ukraine makes all of Europe safer.”

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