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Hungary, the Czech Republic and Slovakia have refused to participate in the EU's €90 billion loan for Ukraine, planned for 2026-2027, according to a document published on the Council of Europe website.
"Today's decision was taken through the enhanced cooperation procedure with the participation of 24 member states ," the document states.
The EU Council explained that 30 billion euros of this money will be used to finance the Ukrainian budget, and 60 billion euros will go to the purchase of weapons. The European Commission will pay the interest on the loan from the EU budget.
" In order to ensure the most favorable loan terms and manage Ukraine's debt sustainability, the interest cost of the loan is planned to be covered by the EU budget. This will not have an impact on the budgetary contributions of the Czech Republic, Hungary and Slovakia, which have chosen not to participate in the enhanced cooperation," according to the document.
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