EU Loan Boost: A Lifeline for Ukraine Amid Ongoing Conflict

The European Union's decision to lend Ukraine 90 billion euros sends a strong message to Russia about Western solidarity. President Zelenskiy sees the financial aid as a victory, enabling Kyiv to address its $45 billion budget gap for 2024, focusing on social, humanitarian, and defense needs.

The European Union has extended a significant financial aid package to Ukraine, amounting to 90 billion euros, in a move that signals to Russia the unwavering Western support for Kyiv.

Ukrainian President Volodymyr Zelenskiy highlighted the agreement reached in Brussels as a pivotal moment for his country. The EU's backing fortifies Ukraine's financial standing amid ongoing conflict.

With a looming $45 billion budget deficit in the coming year, Ukraine plans to utilize the EU assistance for crucial social and humanitarian initiatives while buttressing its defense capabilities.

(With inputs from agencies.)