The European Commission formally presented a €90 billion loan package to Ukraine on Wednesday, as Brussels races to support Kyiv’s war effort amid increasingly fierce Russian attacks and US-led efforts to end the war.
Two-thirds of the package will be used to provide military assistance to Ukraine, which could involve procuring weapons and ammunition from outside the EU, Commission President Ursula von der Leyen said. The remaining €30 billion will be used to plug Kyiv’s looming budget hole. Ukraine requires €135.7 billion in military and budgetary support in 2026 and 2027.
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Source: Euroactive News
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