The number one option on the table had been to tap around €200 billion of Russian central bank assets frozen in the EU to generate a loan for Ukraine.

Dec. 18 (UPI) -- 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 material in the ongoing war, the latest battle of which has dragged on since 2022.

“We have a deal. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27 approved. We committed, we delivered,” Costa said in a post on social media, without providing details about how the money would be raised

BRUSSELS (AP) — 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. “We have a deal. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27 approved. We […]

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, but they failed to bridge differences with Belgium that would have allowed them to use frozen Russian assets to raise the funds. After almost four years of war, the International Monetary Fund estimates that Ukraine will need 137 billion euros ($161 billion) in 2026 and 2027. The plan had been to use some of the 210 billion euros ($246 billion) worth of Russian assets that are frozen in Europe, mostly in Belgium.

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, but they failed to bridge differences with Belgium that would have allowed them to use frozen Russian assets to raise the funds. After almost four years…

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. “We have a deal. Decision to provide 90 billion euros ($106 billion) of support to Ukraine for 2026-27…

European Union leaders have agreed to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years.

EU leaders from the 27 member states agreed on €90 billion in additional loans for Ukraine in 2026-2027. Discussions also addressed bloc enlargement and migration. DW has the latest.