This Tuesday, EU leaders approved a €90 billion loan for Ukraine while attending the G7 summit in Évian, France.
The massive package aims to cover two-thirds of Ukraine's urgent financial needs through 2026, with the first payment scheduled for later this month. European Commission President Ursula von der Leyen is now pressuring G7 partners like the U.S. and Japan to fund the remaining third to prevent a $52 billion "black hole." This financial aid coincides with a diplomatic breakthrough as the EU officially opened the first cluster of negotiations for Ukraine’s full membership in the bloc.
Leaders expect a formal joint statement on June 16 to detail how international allies will sustain Ukraine’s defense and public services long-term.
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