EU to use frozen Russian assets for Ukraine loan

The European Union has approved a €90 billion loan for Ukraine after Hungary and Slovakia dropped their veto, unlocking the critical financial support package. The approval finalizes the legal framework for the aid, which the EU intends to repay using frozen Russian assets. The funds are expected to start flowing to Ukraine in the second quarter of 2025. The loan is a major component of Western efforts to sustain Ukraine's economy and military amid the ongoing Russian invasion.