- Volodymyr Zelenskyy thanked the EU for the loan of 90 billion euros to Ukraine.
- The loan strengthens Kiev’s defense in the war against Russia.
- The financing of the loan is secured by the common debt of the EU budget.
Ukrainian president Volodymyr On Friday, Zelensky thanked the European Union for a loan of 90 billion euros to cover his country’s impending budget deficit. According to Zelensky, the loan “really strengthens” Kyiv’s defense in the war with Russia, TASR reports, according to an AFP report.
“This is a significant boost that really strengthens our resilience,” said the Ukrainian president on the X platform. “It is important that Russian assets remain immobilized and that Ukraine receives a guarantee of financial security for the coming years,” Zelensky added.
EU leaders agreed at the European Council meeting on Friday night that the Union will provide Ukraine with an interest-free loan of 90 billion euros. President of the European Council António Costa and German Chancellor Friedrich Merz informed about it on the X platform.
The loan for Ukraine will be financed from the common debt, which will be covered by the EU budget. This money will be loaned to Ukraine over the next two years, Politico explains. However, Slovakia, the Czech Republic and Hungary will be exempted from the joint debt program, which have negotiated an exemption.
