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The EU approved a €90 billion loan to Ukraine for military and budget support, tied to reforms and potentially backed by frozen Russian assets.
The European Union has approved a €90 billion ($105 billion) loan for Ukraine, with €60 billion for military support and €30 billion for budget aid over two years, to help sustain Ukraine’s defense and economy amid ongoing war with Russia.
The funds, to be disbursed starting in April pending EU approval, are conditional on Ukraine implementing reforms in rule of law and anti-corruption.
Most military spending will support procurement from EU countries, Norway, and allies, with limited flexibility for U.S. equipment via NATO.
The EU may use frozen Russian assets as repayment collateral, though no legal basis for seizure has been established, and some member states, including Hungary, Slovakia, and the Czech Republic, have opted out due to repayment concerns.
Russia opposes the plan, calling it illegal and filing a lawsuit against Euroclear.
La UE aprobó un préstamo de 90 mil millones de euros a Ucrania para apoyo militar y presupuestario, vinculado a reformas y potencialmente respaldado por activos rusos congelados.