EU Approves €90 Billion Loan for Ukraine

EU ambassadors have approved a €90 billion loan for Ukraine, a decision agreed upon by EU leaders in December to support Ukraine's financial needs. The closed-door agreement was reached in Brussels, assisting Ukraine in sustaining its defense against Russia's ongoing invasion.

In a significant financial move, European Union ambassadors have greenlit a €90 billion loan for Ukraine, a decision initially agreed by EU leaders last December. The loan aims to address the majority of Kyiv's financial requirements over the next few years.

The approval came during a closed-door meeting in Brussels, where diplomats ironed out the details of this critical economic support package. With the war against Russia persisting, this loan is expected to bolster Ukraine's ability to sustain its defense efforts.

Diplomatic sources revealed details of the meeting under the condition of anonymity, underscoring the sensitive nature of the discussions. This financial support underscores the EU's ongoing commitment to Ukraine amid the continuing conflict.

(With inputs from agencies.)