Ukraine ratifies EU loan deal worth 90 billion for defence spending

Ukraine's parliament has ratified a loan agreement with the European Union, unlocking up to 90 billion in funding. The deal is set to significantly boost Ukraine's defence expenditure. News agencies Reuters and Unian reported the development on Thursday.

Ukraine's Verkhovna Rada has ratified a major loan agreement with the European Union, opening the door to 90 billion in financing, according to reports from news agencies Reuters and Unian published on Thursday.

The deal represents a substantial financial commitment from the EU to Ukraine and is expected to play a key role in strengthening the country's defence capabilities as the war with Russia continues. The agreement underlines the EU's ongoing strategic support for Kyiv.

The ratification marks a significant step in formalising the financial relationship between Ukraine and the European Union. The funds are expected to help Ukraine sustain and expand its military spending at a time when the conflict shows no signs of abating.