EU Agrees €90bn Loan for Ukraine

European Union leaders agreed to provide Ukraine with €90 billion in joint loans for 2026–2027, opting not to use frozen Russian assets, after overnight talks in Brussels, Belgium. EU officials said the loan will be guaranteed by the EU budget, with Ukraine required to repay it only if compensation from Russia is secured. Hungarian Prime Minister Viktor Orban said Hungary opposed the alternative plan and claimed it prevented Europe from “declaring war on Russia.” Separately, EU leaders announced the signing of the Mercosur trade agreement was postponed amid farmer protests.