politics
February 25, 2026
Zelensky demands €90 billion EU loan
Ukraine’s Vladimir Zelensky has demanded that the EU approve a €90 billion loan backed by the bloc’s taxpayers, despite Hungary’s veto
TL;DR
- Ukraine's President Zelensky demands EU approval of a €90 billion loan backed by taxpayers.
- Hungary has vetoed the loan, citing concerns over jeopardizing its energy supply.
- The loan, provisionally agreed upon, would provide €60 billion for military needs and €30 billion for general budget support.
- The scheme is an alternative to using frozen Russian assets due to opposition from member states.
- Ukraine faces a $50 billion budget deficit this year and could run out of money by April.
- Russia has accused Ukraine of potential corruption regarding the EU loan.
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