EU agrees €90B lifeline for cash-strapped Ukraine

(Bjarke Smith-Meyer, Jacopo Barigazzi and Gregorio Sorgi – Politico) Ukraine’s war chest stands to get a vital cash injection after EU envoys agreed on a €90 billion loan to finance Kyiv’s defense against Russia, the Cypriot Council presidency said on Wednesday. “The new financing will help ensure the country’s fierce resilience in the face of Russian aggression,” Cypriot Finance Minister Makis Keravnos said in a statement. Without the loan Ukraine had risked running out of cash by April, which would have been catastrophic for its war effort and could have crippled its negotiating efforts during ongoing American-backed peace talks with Russia.

EU agrees €90B lifeline for cash-strapped Ukraine – POLITICO