EU reaches compromise: mortgage of 90 billion euros for Ukraine | EUROtoday
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There is now a compromise within the wrestle over Ukraine’s future financing: the attacked nation will obtain an interest-free mortgage of 90 billion euros from the EU. According to Chancellor Merz, Russian belongings will stay frozen in the interim.
The heads of state and authorities of the EU nations have agreed on a compromise on the long run financing of Ukraine. As Chancellor Friedrich Merz introduced after the EU summit in Brussels, Ukraine will obtain an interest-free mortgage of 90 billion euros from the EU. These funds are enough to cowl navy and price range wants for the following two years, Merz mentioned in a press release.
“We will keep Russian assets frozen until Russia has compensated Ukraine,” mentioned the Chancellor. “And we expressly reserve the right: If Russia does not pay compensation, we will – in full accordance with international law – use Russian assets for the repayment.”
More info coming quickly.
https://www.tagesschau.de/ausland/europa/eu-ukraine-finanzierung-einigung-100.html