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    HomeAsiaEU leaders set to agree on loan to Ukraine backed by EU...

    EU leaders set to agree on loan to Ukraine backed by EU budget – draft text

    BRUSSELS, Dec ​19 (Reuters) - European Union leaders could agree to borrow ⁠on the market, against the security of the EU ‍budget, to keep Ukraine financed ​in 2026 and 2027, a draft text of the leaders' ​conclusions seen by Reuters showed on Friday.

    But the leaders still want their governments and the European ‌Parliament to continue working ‌on setting up financing for Ukraine ​based on frozen Russian assets, the draft text said.

    The ‌joint borrowing against the EU ⁠budget would be with ‌the exclusion ​of Hungary, Slovakia and the Czech Republic, said the ⁠draft, which ⁠has yet to be approved ​by the leaders.

    (Reporting by Lili Bayer and ‌Andrew Gray)

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