EU leaders agree to provide a massive 90bn euro interest-free loan to UkraineAP, BRUSSELSEU leaders yesterday agreed 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. The IMF estimated that Ukraine would need 137 billion euros (US$160 billion) next year and in 2027. The plan had been to use some of the 210 billion euros of Russian assets that are frozen in Europe, mostly in Belgium. “The financial package for Ukraine has been finalized,” Merz said, adding that “Ukraine is granted a zero-interest loan.”The frozen assets would remain blocked until Russia has paid war reparations to Ukraine, he said. “For me, the reparations loan was not a good idea,” De Wever said.

Source: Taipei Times December 20, 2025 03:42 UTC