EU agrees 90-bn-euro loan for Ukraine, but without Russian assets | AFP

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EU agrees 90-bn-euro loan for Ukraine, but without Russian assets | AFP

European Union leaders announce a deal to provide Ukraine with a loan of 90 billion euros to plug its looming budget shortfalls. The agreement, reached late in the night as leaders met in Brussels, offers Kyiv a much-needed lifeline as US President Donald Trump pushes for a quick deal to end the nearly four-year war. The loan was agreed by member states after a scheme to tap around 200 billion euros of Russian assets frozen in the EU fell by the wayside, with Belgium — where the assets are held — demanding guarantees on shared liability.

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