EU releases €3 billion loan for Ukraine’s recovery

AI Summary

The European Union released the first €3 billion tranche of a €90 billion loan to Ukraine to support its post-war recovery. European leaders attended a conference in Poland to fundraise and signal long-term Western support amid the ongoing conflict with Russia.

The European Union has disbursed the first €3 billion (US$3.4 billion) tranche of a €90 billion loan to Ukraine, the country’s prime minister announced on Thursday at the opening of a conference on Ukraine’s post-war recovery in Poland. The conference, attended by key European leaders including German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen, is both a fundraising forum and a message to Russia that Ukraine’s Western supporters are in it for a long...