The European Union has agreed to provide approximately €90 billion (US$105 billion) in interest-free loans to Ukraine over the next two years. This decision followed failed attempts to use frozen Russian central bank assets due to a lack of consensus among EU member states.
The loan package aims to support Ukraine’s economic and defense needs amid ongoing conflict. Some member states, including Hungary, Slovakia, and the Czech Republic, opted out of financial guarantees but did not block the overall plan.
Ukrainian President Volodymyr Zelensky welcomed the deal, describing it as critical for the country’s resilience. EU leaders chose to raise the funds via joint borrowing on capital markets, avoiding legal and economic risks associated with seizing foreign assets.
The package represents one of the largest coordinated EU financial support efforts for Ukraine, reflecting unity in backing Kyiv while maintaining market confidence and long-term stability.
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