LONDON, Dec 19 (Reuters) – British finance minister Rachel Reeves on Friday welcomed a decision by European Union leaders to loan 90 billion euros ($105 billion) to Ukraine to fund its defence against Russia. “I am pleased to see the agreement made today at the European Council to provide vital financial support for Ukraine,” she […]
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UK welcomes EU funding agreement for Ukraine
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LONDON, Dec 19 (Reuters) – British finance minister Rachel Reeves on Friday welcomed a decision by European Union leaders to loan 90 billion euros ($105 billion) to Ukraine to fund its defence against Russia.
“I am pleased to see the agreement made today at the European Council to provide vital financial support for Ukraine,” she said in a post on X.
“We will work with partners to urgently consider options to ensure that Ukraine gets the funding it needs.”
EU leaders decided to borrow cash to fund Ukraine’s defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.
(Reporting by William James; Editing by Alistair Smout)