Daily Memo: EU Promises Billions for Ukraine

Member states couldn't agree on using frozen Russian assets to fund the initiative, however.

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Financial support. EU leaders agreed to provide Ukraine with a 90 billion-euro ($105 billion) loan to finance its military and economic needs for 2026-27, using funds from the bloc’s general budget. Member states failed to agree on a plan to use frozen Russian assets, instead of the EU’s own finances, to fund a reparations loan. […]

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