The European Union (EU) has announced a $105 billion loan to Ukraine to support its military and economic needs amid the ongoing war with Russia. The funding will be provided as interest-free loans without using Russia’s frozen assets.
EU Council President Antonio Costa confirmed the decision, stating, “We have a deal. We committed, we delivered.” Ukrainian President Volodymyr Zelenskyy welcomed the loan, calling it a “financial security guarantee” that will strengthen Ukraine’s resilience in the coming years.
Surprisingly, Russia reacts positively to the EU’s decision. Kirill Dmitriev, President Vladimir Putin’s special envoy for investment and economic cooperation, praised the EU for not using frozen Russian reserves. In a post on X (formerly Twitter), he wrote, “Major BLOW to EU warmongers … voices of reason in the EU blocked the ILLEGAL use of Russian reserves to fund Ukraine.” He added, “Law and sanity won.”
Despite the EU-wide agreement, Hungary, Slovakia, and the Czech Republic will not contribute to the loan, citing national concerns. The loan is separate from another EU plan that may involve frozen Russian assets.
Experts note that Russia reacts cautiously in global financial matters, and Dmitriev’s statement reflects a rare acknowledgment of EU decision-making in this context. Analysts say this reaction could influence future negotiations regarding international sanctions and asset management.
The $105 billion support comes at a critical time for Ukraine, as the country continues to face economic strain and military pressure. EU officials emphasized that the loan aims to ensure long-term stability and sustain Ukraine’s essential services during the war.
Observers also highlighted that Russia reacts not as an endorsement of Ukraine’s defense but rather as approval of the EU’s restraint in using frozen Russian funds. The unusual reaction has sparked discussions among political analysts about potential diplomatic openings and the EU’s careful financial strategies.
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The development marks a notable moment in the ongoing conflict, showing both the EU’s commitment to Ukraine and Russia’s unexpected response to international finance decisions.
