EU leaders agree on 90 billion euro loan to Ukraine

European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years, EU Council President Antonio Costa said, but they failed to agree to use frozen Russian assets to raise the funds. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27 approved. French President Emmanuel Macron described the deal agreed as a major advance, saying this option “was the most realistic and practical way” to fund Ukraine and its war efforts.