00:00European Union leaders have agreed to loan 90 billion euros to Ukraine to fund its defense against Russia over the next two years,
00:10opting for joint EU loans instead of using frozen Russian assets.
00:15EU Summit Chair Antonio Costa says the funds would be provided urgently,
00:19describing the decision as necessary to keep Ukraine financially and militarily afloat.
00:26EU officials warned that without this financial support, Ukraine could run out of money by the second quarter of next year,
00:33potentially tipping the war in Russia's favor.
00:36The bloc also gave the European Commission a mandate to continue exploring a so-called reparations loan based on frozen Russian assets.
00:44But that plan was deemed too complex for now, mainly due to legal and financial risks for Belgium,
00:50where most of the 210 billion euros in Russian assets are held.
00:55EU leaders said the Russian assets will remain frozen until Moscow pays war reparations,
01:01at which point Ukraine could use those funds to repay the loan.
01:05Ukrainian President Volodymyr Zelensky urged the EU to eventually use Russian assets directly,
01:10calling it a morally justified step, even as leaders agreed the issue would be revisited later.
01:16Of course, for theBook Subscribe is瞼.
01:16Thank you very much, Geoffrey.
01:17Thank you very much.
01:22Thank you very much.
01:22Again, first timeic people have audited.
01:25Remember, please remember that Friday night.
01:26If you want to log a physician on your computer,
01:29you might be willing to be prepared for their Whether or not,
01:31there would be even more competitive magical bulbs in Russia.
01:33After comes to solving tragedy or the future of the Finland.
01:35And it will be as sitted of, as a carrier in Russia will be navigated too
01:38for a solid, there will not be beginning to IT.
01:40In Russia.
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