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EU greenlights €90bn loan for Ukraine, without frozen Russian assets

European Union Ukraine United States Russia Volodymyr Zelenksyy Kyiv Antonio Costa Donald Trump Emmanuel Macron Ursula von der Leyen

Denmark's Prime Minister Mette Frederiksen, European Council President Antonio Costa and European Commission President Ursula von der Leyen at a press conference at the EU summit in Brussels, 19 December. © AP - Geert Vanden Wijngaert

European Union leaders have agreed a €90 billion loan package for Ukraine, offering Kyiv a financial lifeline as it faces mounting budgetary pressure, but stopped short of the contentious step of using frozen Russian state assets.

The deal, struck in the early hours of Friday during summit talks in Brussels, comes at a critical moment for Ukraine.

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