EU ambassadors are nearing an agreement on a €90 billion loan intended to support Ukraine’s defense efforts against Russia. The progress follows the introduction of a draft text clarifying the role of third countries in arms transactions. Final discussions are expected to take place during a meeting on Wednesday afternoon.
The loan aims to provide substantial financial backing for Ukraine’s military needs amid ongoing conflict. The draft text has helped resolve key issues related to international cooperation in arms deals, facilitating the path toward consensus among member states.
**Why this matters**
The agreement on this loan is critical for sustaining Ukraine’s defense capabilities in the face of continued aggression. Clarifying third-country participation in arms deals ensures smoother coordination and resource sharing among allies. The financial support underscores the EU’s commitment to Ukraine’s security and stability in the region.
Source: NewsData