Europe has taken one of its biggest wartime financial decisions yet. After intense late-night negotiations, the EU has officially approved a two-year, interest-free lifeline for Ukraine, designed to keep the country’s economy, military support systems, and government operations running through 2026. Instead of tapping into Russia’s frozen assets directly, EU leaders have chosen to raise the funds through capital markets, citing ongoing legal and technical barriers that have stalled any immediate use of Moscow’s immobilised billions. Antonio Costa emerged from marathon talks announcing the €90 billion support package, marking one of the EU’s strongest joint commitments since the war began. WATCH