EU leaders approve €90 billion loan for Ukraine despite dissent from Hungary, Slovakia, and Czech Republic

irishtimes.com

EU leaders agreed to a €90 billion loan for Ukraine after hours of negotiations. This decision ensures Ukraine's financial stability and strengthens its position in peace talks. Hungary, Slovakia, and the Czech Republic opted out of the loan, allowing the remaining 24 EU members to proceed. This agreement was reached using emergency powers, a measure not seen since the 2008 financial crisis. The deal highlights the EU's struggle to reach consensus on Ukraine, forcing reliance on extraordinary measures. Efforts to use frozen Russian assets for the loan were unsuccessful.


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