EU to Issue €90 Billion in Eurobonds for Ukraine's Recovery Efforts
European Union nations are actively negotiating financial support for Ukraine, culminating in a significant agreement to issue €90 billion in eurobonds. This decision followed extensive discussions, reflecting the EU's commitment to assist Ukraine over the next two years.
The financial backing will be contingent on Russia compensating for war damages, with German Chancellor Friedrich Merz highlighting that Russian assets will remain frozen until such reparations are made. The negotiations also include considerations on utilizing these frozen assets, which has sparked varied responses among member states.
While some countries advocate for this approach, others, like Belgium, remain hesitant. The ongoing dialogues underscore the EU's dedication to finding effective solutions to support Ukraine while navigating the complexities of international relations.
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