EU Pledges Over $105 Billion Aid to Ukraine for 2026-27, Signals Long-Term Support

• The European Union announced over 90 billion euros ($105 billion or 9.24 trillion rupees) in financial aid for Ukraine for 2026 and 2027.
• This decision, confirmed by Antonio Costa, aims to provide Ukraine with lasting financial security amidst the prolonged Russia-Ukraine war.
• Ukrainian President Volodymyr Zelenskyy thanked EU leaders, emphasizing the need for frozen Russian assets and guaranteed financial security.
• EU leaders decided against directly using frozen Russian assets for this package due to legal risks, opting instead for a collective EU-backed loan.
• Ukraine will only repay the loan when Russia provides war reparations, ensuring immediate financial relief and long-term stability.

Why It Matters: EU commits over $105 billion to Ukraine, ensuring long-term financial stability and strong support against Russia.