Published by Global Banking & Finance Review®
Posted on December 19, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleEU leaders are considering a loan to Ukraine backed by the EU budget to finance the country in 2026 and 2027, excluding some member states.
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)
An international financial institution (IFI) is an organization that provides financial and technical assistance to countries for development projects, often focusing on poverty reduction and economic growth.
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