Ukraine’s financial lifeline: EU pledges €90bn loan to Zelenskyy

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Ukraine's financial lifeline: EU pledges €90bn loan to Zelenskyy

Ukraine’s war machine is in danger of stalling without more cash.

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Today, after fractious talks, it was thrown a lifeline. The EU has approved €90 billion to Ukraine for the next two years.

‘Perfect is the enemy of the good’, Ukraine’s deputy foreign minister said as European leaders, burning the midnight oil, finally came to a compromise.

But the deal will not be funded by frozen Russian assets, which President Zelenskyy had hoped for, as EU leaders failed to agree.

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Date: December 19, 2025