💨 Abstract
European Union leaders agreed to provide Ukraine with a $106 billion interest-free loan to meet its military and economic needs for the next two years. The loan will be borrowed from capital markets after failing to convince Belgium to support using frozen Russian assets due to fears of Russian retaliation. Ukraine needs $161 billion in 2026 and 2027, and the loan is crucial for paying for ammunition, infrastructure repairs, and other needs.
Courtesy: WTOP Staff
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