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Europe Agrees on Loan to Ukraine Without Using Russian Funds
European leaders agreed on Friday to provide Ukraine with a $105 billion loan but failed to reach a consensus on using Russian government assets frozen in Europe to back it.
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As a matter of urgency, we will provide a loan backed by the European Union budget. This will address the urgent financial needs of Ukraine, and Ukraine will only repay this loan once Russia pays reparations. I think it was an extremely bad decision, which bring Europe closer to the war. And it looks like a loan, but of course, the Ukrainians will never be able to pay it back. So it’s basically a lost money.
European leaders agreed on Friday to provide Ukraine with a $105 billion loan but failed to reach a consensus on using Russian government assets frozen in Europe to back it.
By Nader Ibrahim
December 19, 2025
