Early in the morning of this Friday, December 19th, European leaders agreed to borrow 90 billion euros Ukraine without resorting to frozen Russian assets. Achieving this colossal loan required intensive negotiations at a summit in Brussels. and allows Kyiv to maintain its military apparatus against Russiaas US President Donald Trump increases pressure to end the war that began in 2022.
What had happened immediately became known via digital platforms. “We have reached an agreement. It has been decided to provide Ukraine with aid worth 90 billion euros (around 105.5 billion dollars) for the period 2026-2027,” wrote António Costa, President of the European Council, on the social network X. For his part, Chancellor Friedrich Merz assured that In doing so, the European Union is sending a “clear message” to Russian President Vladimir Putin“to end the war.”
The EU had to find a way to finance Ukraine, which was in serious danger of running out of money in the first quarter of 2026. To pursue this goal, they committed in October to ensuring the bulk of financial and military support to Kiev for the next two years, following Donald Trump’s decision not to give Zelenskyy any money or weapons.
Authoritarians don’t like that
The practice of professional and critical journalism is a mainstay of democracy. That is why it bothers those who believe that they are the owners of the truth.
The US is preparing further sanctions against Russia if Putin rejects the peace agreement
““We committed ourselves and kept our promise,” Costa told the press.. For her part, Danish Prime Minister Mette Frederiksen said: “In my opinion, a guarantee of 90 billion euros to another country for the next two years has never happened in our history.” French President Emmanuel Macron noted that now “it will be useful to talk to Vladimir Putin again.”
Kiev’s financial needs were estimated at 137 billion eurosand the European Union agreed to cover two-thirds of that sum. What is missing must be provided by Ukraine’s other allieslike Canada or Norway.
The EU will give Zelensky an interest-free loan that he will only have to return if Russia pays him compensation, Ursula von der Leyen, President of the European Commission, told the press. Belgian Prime Minister Bart De Wever remarked: “The decision has been made, everyone is relieved.”
Although the agreement on the loan was reached between the 27 Member States of the European Union, only 24 will participate in the operation since then Slovakia, Hungary and the Czech Republic, three countries, are reluctant to provide financial support to Ukrainewere released from the obligation.
Last Thursday, Trump called on Ukraine to “act quickly” before Russia “changes its mind.”
The celebration of the President of Ukraine
Volodymyr Zelensky celebrated this Friday in his official X account the loan that the EU granted his country to finance its fight against Russia.
The President wrote: “This is significant support that truly strengthens our resilience. “It is important that Russian assets remain frozen and Ukraine receives a guarantee of financial security for the coming years.”
HM.
About The Author
