European Union Approves €90 Billion Loan for Ukraine Using Frozen Russian Assets
On August 22, 2026, the European Union formally backed a €90 billion loan package for Ukraine, financed by the interest generated from frozen Russian central bank assets. The decision follows large-scale rallies by Ukrainians in dozens of countries demanding that Europe utilize Russia's billions to support the war effort. The funding is intended to provide long-term financial stability and military support as the conflict enters its fifth year, marking a major shift in EU asset policy.
Date: August 22, 2026
Location: Brussels, Belgium
Conflict: Russia-Ukraine War
Category: diplomacy
Severity: HIGH
Source: Euromaidan Press