EU Plans €45 Billion Loan for Ukraine, Czech Republic and Slovakia Opt Out
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The European Union aims to agree on a €45 billion loan for Ukraine by the end of 2026 to cover its financial needs in 2027. The Czech Republic and Slovakia have indicated they will not participate in financing the loan, while Hungary's position is expected to be similar. The loan is intended to strengthen defense capabilities in the ongoing war with Russia. The decision has sparked tension among member states, particularly because countries refusing to contribute to aid for Ukraine continue to draw European subsidies.
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