European Union leaders agreed on Friday to provide a $105 billion, interest-free loan to Ukraine over the next two years to support its war effort against Russia. However, the landmark pledge stopped short of allocating billions of dollars’ worth of frozen Russian assets to Kyiv, concluding (at least, for now) a major flash point that has divided the 27-nation bloc.
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Welcome back to World Brief, where we’re looking at the European Union’s financial support for Ukraine, Australia proposing a gun buyback program, and violent protests across Bangladesh.
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‘We Will Not Collapse’
European Union leaders agreed on Friday to provide a $105 billion, interest-free loan to Ukraine over the next two years to support its war effort against Russia. However, the landmark pledge stopped short of allocating billions of dollars’ worth of frozen Russian assets to Kyiv, concluding (at least, for now) a major flash point that has divided the 27-nation bloc.
Without the EU’s loan, Ukraine was on track to run out of funding in the spring. According to the International Monetary Fund, Kyiv needs $161 billion in 2026 and 2027 to effectively combat Russia; otherw
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