The European Union will dedicate most of a massive new loan program to Ukraine’s military needs over the next two years while also injecting billions into its war-ravaged economy, European Commission President Ursula von der Leyen said Wednesday.
EU leaders agreed last month to loan Ukraine 90 billion euros ($105 billion) to help cover its needs in 2026 and 2027. Kyiv would only have to pay the money back once Russia ends its war and pays reparations for the damage it has inflicted over almost four years.
