The EU rarely moves ahead on international matters without the U.S., particularly involving major conflicts, but it hopes this decision will encourage others to come forward.
EU envoys have been working this week on a proposal to provide Ukraine with a loan package worth up to 35 billion euros ($39 billion).
“Crucially, this loan will flow straight into your national budget,” European Commission President Ursula von der Leyen told President Volodymyr Zelenskyy in Kyiv last week. “It will provide you with significant and much-needed fiscal space. You will decide how best to use the funds, giving you maximum flexibility to meet your needs.”
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