European Union leaders have agreed to provide Ukraine with a massive interest-free loan to meet its military and economic needs for the next two years

Europe will lend $105 billion in additional aid to Ukraine to fund its money-starved budget for two years. European leaders will obtain the money with a loan backed by the European Union’s budget. The plan approved Friday is some leaders’ second choice,

IMF welcomes EU's 90 billion euro loan to Ukraine, marking a key step in closing financing gaps and supporting debt sustainability amid ongoing conflict.

The European Union agreed on Friday to lend Ukraine 90 billion euros ($105 billion) but will not, for now, use frozen Russian assets to secure the loan.

The European Union came up with an 11th-hour deal to help Ukraine, but the solution raised questions about the bloc’s decisiveness.

E.U. leaders struck the deal on a loan backed by the bloc’s budget after the collapse of a plan to tap Russia’s frozen assets to finance Ukraine’s state and army.

European Union leaders will try to overcome staunch resistance to both a funding plan for Ukraine and a massive trade deal with South America during a summit in Brussels starting Thursday — insisting that the bloc’s reputation is on the line.

European Union officials wanted to use Russia’s frozen assets to back a major loan to Ukraine. Facing opposition in their own camp, they settled on another way.