Photograph: Omar Marques/Getty Images
EU leaders have pledged a €90bn loan for Ukraine to meet urgent financial needs, but failed to agree on the preferred option for many of securing that loan against Russia’s frozen assets in the bloc.
After talks ended in the early hours of Friday, the president of the European Council, António Costa, told reporters: “We committed and we delivered.” He said EU leaders had approved a decision to make a €90bn loan to Ukraine for the next two years backed by the EU budget, which Kyiv would repay only once Russia pays reparations.
