EU leaders agree on €90 billion loan to Ukraine as 'plan B' to use of Russian assets
European Union leaders agreed on December 19 to provide a €90 billion interest-free loan to Ukraine. The joint borrowing will cover two-thirds of the country's financial needs for the next two years. Although hailed by several European leaders as a clear sign that the block stays behind Ukraine, it also comes as they failed to agree on a plan to use frozen Russian assets to fund military aid to Ukraine, says FRANCE 24's correspondent to Brussels Dave Keating.
European Union leaders agreed on December 19 to provide a €90 billion interest-free loan to Ukraine. The joint borrowing will cover two-thirds of the country's financial needs for the next two years. Although hailed by several European leaders as a clear sign that the block stays behind Ukraine, it also comes as they failed to agree on a plan to use frozen Russian assets to fund military aid to Ukraine, says FRANCE 24's correspondent to Brussels Dave Keating.
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