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Euronews

Alice Tidey

Brussels unveils proposal for €90 billion loan for Ukraine, urging EU lawmakers to approve it fast

European Union United Nations Ukraine United States Commission Brussels Valdis Dombrovskis Europe European Commission Kyiv

The European Commission on Wednesday put forward its legal proposal to provide Ukraine with a €90 billion loan, calling on the European Parliament and member states to approve it swiftly so Kyiv can start receiving the money it desperately needs in early April.

Under the proposal, the money would cover Ukraine's financial needs for the next two years, with roughly €60 billion earmarked for military spending and the remaining €30 billion intended to support Ukraine's overstretched national budget.

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