EU tasks Commission with Ukraine funding plan, eyes loan from frozen Russian assets

EU leaders on Thursday asked the European Commission to prepare options to fund Ukraine for two more years, keeping open the possibility of a vast loan backed by frozen Russian assets. After marathon Brussels talks, they deferred a final decision on the proposed 140-billion-euro ($162 billion) “reparations loan” to December.

EU tasks Commission with Ukraine funding plan, eyes loan from frozen Russian assets
EU leaders on Thursday asked the European Commission to prepare options to fund Ukraine for two more years, keeping open the possibility of a vast loan backed by frozen Russian assets. After marathon Brussels talks, they deferred a final decision on the proposed 140-billion-euro ($162 billion) “reparations loan” to December.