Geopolitics and Security Alliances

EU finalizes €90 billion support for Ukraine, freezing Russian assets.

European Union leaders have finalized a significant financial package amounting to 90 billion euros ($105 billion) to support Ukraine amidst its ongoing conflict with Russia, shifting to a strategy of borrowing instead of utilizing frozen Russian assets. This decision, reached after intense negotiations, underscores the EU’s commitment to bolstering Ukraine’s defense while facing internal dissent, particularly from Hungary regarding financial contributions. While there are plans to potentially use frozen Russian funds for future repayments, the failure to implement a reparations loan reflects the complexities of EU consensus-building. This outcome illustrates the challenges the EU faces in enhancing its geopolitical role, as leaders emphasize immediate support for Ukraine amid broader tensions with Russia and U.S. diplomatic maneuvers.

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