EU approves €106bn Ukraine loan

The European Union has finalized a €106 billion loan agreement for Ukraine, intended to sustain the nation's basic state functions and war effort through 2027.

The package was approved after intensive negotiations led to Hungary withdrawing its previous opposition.

Officials emphasized that the loan is essential to prevent a total economic collapse in Kyiv by the end of the current quarter.

This financial commitment marks a significant shift as Europe takes a more prominent role in funding Ukraine's defense amid shifting U.S. priorities.