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EU’s Ukraine loan may have been Plan B, but don’t underestimate its significance to the bloc

EU’s Ukraine loan may have been Plan B, but don’t underestimate its significance to the bloc

19.12.2025 15:36 | The Guardian World

This €90bn agreement won out over a plan to use frozen Russian assets, but has been hailed a ‘huge deal for the EU’The EU’s failure to agree a “reparations loan” to Ukraine backed by frozen Russian assets was a political blow to the bloc’s big beasts, but the last-gasp alternative it devised will do the job – and marks a potentially significant first.After a marathon 16 hours of talks, EU leaders early on Friday agreed to fund Ukraine, which risked running out of money by next April, with a much-needed €90bn (£79bn) loan. But the solution they came up with was not the one most had wanted. Continue reading...

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