Europe Salvages Credibility With $105 Billion Loan For Ukraine But Shelves Plan To Use Russian Funds

WorldPolitics
19 Dec 2025 • 11:00 PM MYT
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European Union leaders reached a deal early Friday on a $105 billion loan to keep Ukraine’s economy and military from a budgetary blackhole through 2027. While it didn’t come about in the way some of them wanted, the fact it came about at all has been hailed by top officials as a win for the bloc. “Had we left Brussels divided today, Europe would have walked away from geopolitical relevance,” Belgian Prime Minister Bart De Wever told reporters a little before 4 a.m. “It would have been a total disaster.”

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