💨 Abstract
European Union leaders agreed to provide Ukraine with a €90 billion interest-free loan for 2026-2027 to meet its military and economic needs. However, they failed to agree on using frozen Russian assets in Belgium to fund the loan due to legal concerns raised by Belgium. Hungary, Slovakia, and the Czech Republic opposed the loan but did not block it. The loan will be borrowed on capital markets, and the frozen assets will remain blocked until Russia pays war reparations.
Courtesy: WTOP Staff
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