EU Approves €90 Billion Loan for Ukraine After Frozen Assets Plan Stalls

The European Union will provide a 90 billion-euro ($106 billion) interest-free loan to Kyiv to help fund the war-torn country after failing to agree on a proposal to use frozen Russian assets to support Ukraine's economic and military needs in the coming years. European Council President Antonio Costa said in a post on X on December 19 that the funds will be for 2026 and 2027. "We committed, we delivered," he said. EU officials began meeting on December 18 to agree on a solution for funding. The talks focused on a proposal to use tens of billions…