Ukraine able to buy weapons from non-European suppliers with €90bn EU loan

AI Summary
The European Commission has proposed a €90 billion loan for Ukraine, allowing them to purchase military equipment from both European and non-European suppliers. This loan, intended to bolster Ukraine's defense capabilities amid ongoing conflict with Russia, will be secured against unallocated EU budget funds. The proposal emerged after EU leaders failed to agree on using Russia's frozen assets. Of the total, €60 billion is earmarked for military spending, while €30 billion will provide general budget support. The EU aims for Ukraine to receive the first funds in April, pending approval from member states and the European Parliament. Repayments are contingent on Russia paying reparations to Ukraine. Payments are also linked to Ukraine's adherence to the rule of law and anti-corruption measures.
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