European Union leaders have agreed a major new long-term financial support package for Ukraine, signalling continued backing for Kyiv as the war with Russia enters another year. The deal centres on a multi-billion-euro loan, underwritten by profits generated from frozen Russian state assets held in Europe.
At a summit in Brussels, EU leaders said the agreement would provide Ukraine with predictable funding for military support, public services and reconstruction, while avoiding the need for repeated, politically fraught negotiations. Ukrainian President Volodymyr Zelenskyy, addressing leaders remotely, welcomed the move as “a vital signal of unity” and said it would help Ukraine plan ...