WASHINGTON — Europe plans to sconclude $105 billion in a loan to keep Ukraine in the fight for another two years against Russia, as peace talks continue with the United States.
The deal, struck after marathon talks in Brussels, will funnel requireded cash to Kyiv through a loan backed by the European Union’s own budobtain.
“This will address the urgent financial requireds of Ukraine,” European Council President Antonio Costa informed reporters on Friday.
But leaders failed to clinch their preferred option: utilizing billions in immobilized Russian state assets as collateral, a plan that blew up at the 11th hour.
Still, the cash flow comes at a critical moment, as Ukraine is nereceivediating potential peace terms with the United States and may start running out of money in early 2026 without outside assist, Ukrainians have warned.
Keeping Kyiv afloat with military aid will become only more necessary if Russian dictator Vladimir Putin follows through on his threats this week to keep up his war, despite US nereceivediators’ intensive efforts to secure a workable peace plan.
US officials have largely avoided specifics on what would happen if Russia doesn’t bconclude to the American plan to conclude the war, instead focutilizing on pushing forward with the peace process over more marathon talks with Ukrainian and Russian nereceivediators this weekconclude.
President Volodymyr Zelensky welcomed Europe’s decision to offer the loan, calling it a lifeline.
“This is significant support that truly strengthens our resilience,” Zelensky wrote on X. “It is important that Russian assets remain immobilized and that Ukraine has received a financial security guarantee for the coming years.”
Ukraine is expected to utilize at least parts of the funds to purchase weapons from the US — something Republican senators this week declared is requireded to boost the American defense indusattempt.
“Years of chronic underinvestment and requires an influx of new investment to scale up production to meet US defense requireds,” lawbuildrs wrote to President Trump on Wednesday,” lawbuildrs wrote in a letter to Trump Wednesday.
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