Topic

EU backs 90bn for Ukraine

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EU member states agreed on terms for a €90bn loan to Ukraine, allocating €30bn for budget and €60bn for defence investment, while allowing UK participation if it shares borrowing costs.

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EU member states have found the agreement on the Ukraine loan facility, of which €60bn will be earmarked for defence.

Outside of important support for Ukraine, this will also have an EU-UK dimension, as this money should be spent on weapons from the EU, EEA or Ukraine.
The EU continues to act decisively in support of Ukraine.

The Council agreed its position on the legal framework to provide €90 billion in financial support to Ukraine.

The loan aims to support Ukraine's general budget as well as its defence needs.

More: www.consilium.europa.eu/en/press/pre...
February 4, 2026 at 4:18 PM
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EU ambassadors have reached a deal on the legal texts to provide Ukraine with a €90 billion loan funded by joint debt. €30 billion will be allocated for financial support, and €60 billion for military aid.

Hungary, Slovakia and the Czech Republic will be exempt from the loan.
February 4, 2026 at 2:37 PM
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The EU continues to act decisively in support of Ukraine.

The Council agreed its position on the legal framework to provide €90 billion in financial support to Ukraine.

The loan aims to support Ukraine's general budget as well as its defence needs.

More: www.consilium.europa.eu/en/press/pre...
February 4, 2026 at 3:27 PM
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Here's two of the three legal texts agreed today re EU financial support for Ukraine - still subject to negotiation with or consent of the European Parliament -

1 data.consilium.europa.eu/doc/document...

2 data.consilium.europa.eu/doc/document...
data.consilium.europa.eu
February 4, 2026 at 4:37 PM

Reposted by Steve Peers

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Full story: We have a deal on the €90 billion loan for Ukraine, funded through joint debt.
EU countries seal deal on €90bm loan for Ukraine funded by joint debt
Under the loan, Ukraine will receive €30 billion to support its budgetary needs and €60 billion to purchase weapons and ammunition. #EuropeNews
www.euronews.com
February 4, 2026 at 4:02 PM

Reposted by Oliver Stuenkel

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The suggestion is that the EU trade preferences for the US can be suspended in the event of US territorial threats to EU Member States
February 4, 2026 at 3:04 PM
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There is now, however, a second derogation for countries with an EU security and defence partnership (which the UK), militarily support Ukraine (as the UK does) and that participate in the funding of the loan:
February 4, 2026 at 4:18 PM
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#Europe ambassadors agree details of €90 bn #Ukraine Support Loan

#EU leaders approved loan in December, seeking to fund #Kyiv needs into 2027

€30 bn in support for Ukraine's budget, and €60 bn for defense spending

#UkraineWar
February 4, 2026 at 6:46 PM
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“…it should be obvious that a bloody campaign of annihilation designed to obliterate a country’s existence, history and culture is not a simple no-to-military-weapons, yes-to-public-services issue. Shame on those who pretend that it is.”

www.irishtimes.com/opinion/2026...
Kathy Sheridan: Sinn Féin is deliberately being obtuse about EU plan to help Ukraine
It’s not a simple question of spending money on services here or bolstering Ukraine’s defence
www.irishtimes.com
February 4, 2026 at 9:32 AM
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My understanding is that this is basically an offer to the UK - your defence industry can benefit if you chip into the borrowing costs of the loan.

A difficult but fair offer that opens another dimension in EU-UK negotiations.
February 4, 2026 at 4:18 PM

Reposted by Anne Applebaum

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#Ukraine Prime Minister Svyrydenko: #Russia forces have attacked Ukrainian energy sector 217 times in 2026

Energy workers to receive additional payments of around $63 per month for emergency service

#UkraineWar
February 4, 2026 at 3:12 PM
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Indeed, to me it reads like basically a UK clause. Which is fair, given the UK is one of the top European supporter of Ukraine, and it would have been an unnecessary friction to not at least offer it a way in here.
February 4, 2026 at 4:37 PM
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"Informed European officials": #Trump Admin has prepared new sanctions v. #Russia but in no rush to impose them

Skepticism about prospects for #Ukraine- Russia-US talks growing in Europe, given Moscow's escalation of airstrikes on energy infrastructure and other civilian sites
February 4, 2026 at 12:09 PM

Reposted by Lithuania

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However, the new agreement includes two derogations - first, for countries with an agreement to participate in SAFE, but here the EU-UK negotiations famously failed. This would exclude the UK, but the argument was that this is ofc EU tax payers money spent on EU defence industry.
February 4, 2026 at 4:18 PM
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The UK deal with the US on pharma pricing will cost 1/10 of the projected benefits of the - as yet unsigned - EU 'reset' over the next three years, Vallance confirms.

www.theguardian.com/society/2026...
Cost of UK’s drug price with US will come out of NHS budget
Department of health, not Treasury, will foot the bill – with costs forecast to reach £9bn
www.theguardian.com
February 4, 2026 at 8:12 AM