EU Greenlights Massive €90 Billion Loan to Bolster Ukraine’s Defense and Budget Amid Russia's War

The European Parliament has approved a €90 billion support package for Ukraine, aimed at addressing the country’s urgent financial and defense needs as Russia’s war of aggression enters its fifth year. The package, agreed under urgent legislative procedures, covers both 2026 and 2027 and consists of €60 billion earmarked for strengthening Ukraine’s defense capabilities and €30 billion allocated for macro-financial assistance and budget support through the EU’s Ukraine Facility. The defense component is designed to ensure Ukraine has timely access to essential military equipment....