On Wednesday 11 February, the European Parliament permitted a European Fee proposal to grant Ukraine a €90 billion mortgage to finance navy and budgetary expenditures.
Supply: a press launch on the European Parliament web site, as reported by European Pravda
Particulars: Members of the European Parliament permitted the mortgage for Ukraine for 2026-27 by 458 votes in favour, with 140 lawmakers voting towards and 44 abstaining.
The mortgage for Ukraine consists of €60 billion in navy help and €30 billion in budgetary help financed by EU borrowing.
The vote within the European Parliament had beforehand been scheduled for a particular plenary session convened on 24 February to mark the fourth anniversary of Russia's full-scale invasion of Ukraine however was moved to 11 February.
Background:
- On 19 December, the European Union summit permitted a choice on a joint mortgage to offer Ukraine with €90 billion, which covers two-thirds of Ukraine's wants in 2026-27 in each the budgetary and defence sectors.
- On 4 February, EU member state ambassadors on the Committee of Everlasting Representatives (Coreper) agreed on mechanisms for offering Ukraine with a €90 billion mortgage in 2026-27, together with permitting third nations to take part.
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