{"id":742066,"date":"2026-02-04T16:07:17","date_gmt":"2026-02-04T16:07:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/742066\/"},"modified":"2026-02-04T16:07:17","modified_gmt":"2026-02-04T16:07:17","slug":"eu-agrees-e90b-lifeline-for-cash-strapped-ukraine-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/742066\/","title":{"rendered":"EU agrees \u20ac90B lifeline for cash-strapped Ukraine \u2013 POLITICO"},"content":{"rendered":"<p>If the U.K. or other third countries like South Korea, which have signed security deals with the EU and have helped Ukraine, want to take part in procurement deals beyond that, they will have to contribute financially to help cover interest payments on the loan.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/02\/GettyImages-2239200935-1024x683.jpg\" alt=\"\" class=\"wp-image-7853688\"  \/>The European Parliament must now examine the changes the Council has made to the legal text. | Philipp von Ditfurth\/picture alliance via Getty Images<\/p>\n<p>The text also mentions that the contribution of non-EU countries \u2014 to be agreed in upcoming negotiations with the European Commission \u2014 should be proportional to how much their defense firms could gain from taking part in the scheme.<\/p>\n<p>Canada, which already has a deal to take part in the EU&#8217;s separate \u20ac150 billion <a href=\"https:\/\/pro.politico.eu\/bills\/738447\/overview\" target=\"_blank\" rel=\"nofollow noopener\">SAFE loans-for-weapons scheme<\/a>, will not have to pay extra to take part in the Ukraine program, but would have detail the products that could be procured by Kyiv.<\/p>\n<p>Next steps<\/p>\n<p>Now that ambassadors have reached a deal, the European Parliament must examine the changes the Council has made to the legal text before approving the measure. If all goes well, Kyiv will get \u20ac45 billion from the EU this year in tranches. The remaining cash will arrive in 2027.<\/p>\n<p>Ukraine will only repay the money if Moscow ends its full-scale invasion and pays war reparations. If Russia refuses, the EU will consider raiding the Kremlin\u2019s frozen assets lying in financial institutions across the bloc.<\/p>\n<p>While the loan will keep Ukrainian forces in the fight, the amount won\u2019t cover Kyiv\u2019s total financing needs \u2014 even with another round of loans, worth $8 billion, expected\u00a0<a href=\"https:\/\/www.politico.eu\/article\/imf-ukraine-russia-loan-eu-financial-support-war-economy\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">from the International Monetary Fund<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"If the U.K. or other third countries like South Korea, which have signed security deals with the EU&hellip;\n","protected":false},"author":2,"featured_media":742067,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5174],"tags":[17466,331,7057,33108,52871,2000,299,5187,7058,155245,20327,18421,1197,2441,7061,332,7339,2663,657,335],"class_list":["post-742066","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-asset-management","tag-banks","tag-defense-budgets","tag-economic-governance","tag-economic-sanctions","tag-eu","tag-europe","tag-european","tag-european-defense","tag-european-monetary-union","tag-eurozone","tag-finance-and-banking","tag-investment","tag-markets","tag-procurement","tag-russia","tag-russia-sanctions","tag-sanctions","tag-ukraine","tag-war-in-ukraine"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116013226062568691","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/742066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=742066"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/742066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/742067"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=742066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=742066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=742066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}