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The Independent UK
The Independent UK
National
Jessica Coates

EU leaders reach new €90bn deal with Ukraine with key omission

European Union Ukraine United Kingdom
  • EU leaders have agreed to provide Ukraine with €90 billion (£78.8 billion) in financial support.
  • This support is an interest-free loan designed to meet Ukraine's military and economic needs over the next two years.
  • Ukrainian President Volodymyr Zelensky thanked EU leaders, stating the "significant" investment would strengthen the country's resilience and provide financial security.
  • The agreement was reached after EU leaders reassured Belgium regarding potential Russian retaliation, and it avoids directly using frozen Russian assets for the loan.
  • The UK government indicated its willingness to share the risk to unlock frozen Russian assets for Ukraine, with Defence Minister Luke Pollard also urging Roman Abramovich to release £2.5 billion from the Chelsea sale for the country.

IN FULL

Zelensky welcomes £78.8bn EU backing for Ukraine

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