EU approves a loan to Ukraine for 90 billion euros: what it means for Europe's security.

EU decision on financing Ukraine

According to ТСН: The European Union has made a decision on joint borrowing of 90 billion euros for Ukraine. This is a testament to political unity and an investment in the security of all Europe. It is not just charity, but a strategic investment in its own stability.

This was reported by the Prime Minister of Belgium, Bart De Wever.

“There has never been any disagreement about whether we should help. The only question was how exactly we should help,” he said.

De Wever also emphasized that a possible refusal by Europe to agree would be a disaster not only for Ukraine but also for Europe itself. He noted that the EU had been able to reach a solution that was supported by all member states.

According to the Belgian Prime Minister, EU leaders “remained united” on the issue of the new loan for Ukraine. This achievement, in his opinion, will help avoid “chaos and division” in Europe.

“If we left Brussels divided, Europe would lose its geopolitical significance. It would be a total disaster and a signal to the world that Europe is no longer able to do anything,” he noted.

The decision guarantees Ukraine “urgent and reliable funding” for the next two years. The Prime Minister of Belgium also said that frozen Russian assets will remain “globalized” and will be used in the future to compensate for the damages caused by the war.

This decision, as De Wever pointed out, helps maintain trust in European institutions, markets, and the euro. It also underscores the importance of the voice of small and medium-sized member states in making collective decisions.

'We avoided creating a precedent that could undermine legal certainty worldwide. Europe respects the law even when it is difficult,' he added.

Let us remind that the EU has concluded an agreement on a loan of 90 billion euros to cover Ukraine's urgent financial needs. Although politicians failed to agree on the desired mechanism for securing this loan against frozen Russian assets, the very fact of making this decision underscores unity in managing financial assistance to Ukraine in challenging times.

This funding will be an important step in supporting Ukraine, which has been under military aggression for a long time. It will allow the country not only to cope with urgent needs but also to maintain economic stability, which is extremely important for its further development.