EU leaders have agreed to give Ukraine €90 billion. This money will help Ukraine's economy and army until 2027. The agreement was made at a meeting in Brussels. This shows the EU is very committed to helping Ukraine. However, the plan does not use frozen Russian money for now.
This large loan is important for Ukraine. It will help with its money problems during the war with Russia. Ukraine's President Zelensky said the country needs help quickly. The EU decided to give the loan to help Ukraine. EU foreign policy chief Kaja Kallas said many countries agree.
Twenty-four EU countries will borrow the €90 billion together. The EU budget will guarantee these loans. Ukraine will likely pay back this money later. Russia may have to pay for war damage in the future. This loan is a sure way to get money. However, it avoids using a different money source.
Using about €300 billion of frozen Russian money is difficult. Some EU countries worry about legal problems. They also worry about financial risks. These worries have stopped them from agreeing to use the frozen money now. The discussion about this will happen later.
The EU leaders chose a practical plan. They want to help Ukraine right away. Charles Michel, the head of the European Council, said, "We have a deal." He said the €90 billion will help Ukraine for 2026 and 2027. This money will help Ukraine's defence and rebuilding.
This decision is good for Ukraine. But it also shows that EU countries have different ideas. They did not agree to use frozen Russian assets for this aid. This is a difficult topic for the future. Ukraine will get the money in parts. Some money should arrive in the next few months.