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flag The EU approved a €90 billion loan to Ukraine for military and budget support, tied to reforms and potentially backed by frozen Russian assets.

flag 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. flag The funds, to be disbursed starting in April pending EU approval, are conditional on Ukraine implementing reforms in rule of law and anti-corruption. flag Most military spending will support procurement from EU countries, Norway, and allies, with limited flexibility for U.S. equipment via NATO. flag 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. flag Russia opposes the plan, calling it illegal and filing a lawsuit against Euroclear.

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