EU’s €90 Billion Loan to Ukraine Won’t Use Frozen Russian Assets

European Union leaders reached an agreement to loan Ukraine €90 billion ($106 billion) for the next two years, aiming to strengthen Kyiv’s hand at the negotiating table and keep the war-torn country afloat. The EU will raise joint debt backed by the bloc’s budget to fund the loan, a significant pivot from using frozen Russian assets, a plan favored by Ukrainian President Volodymyr Zelenskiy. Bloomberg’s Oliver Crook reports. (Source: Bloomberg)