Cyprus, the rotating president of the European Council, said on the same day that members‘ representatives in the European Union have reached agreement on a legal framework to provide Ukraine with a total loan of €90 billion to meet the country‘s defense and economic needs for 2026-2027, according to the European edition of the U.S. Political News Network on Thursday.
The Ukrainian Kiev Post reported on the 4th that this loan will be raised through EU borrowing in capital markets, with the EU budget as collateral. The €90 billion loan will be divided into two large parts, of which €30 billion will be used for economic support, and €60 billion will be used to support Ukraine‘s investment in defense industrial capabilities and procurement of military equipment.
Without this loan, Ukraine is likely to run out of funds by April this year, which would be a disastrous blow to its war effort and could weaken its bargaining position in peace negotiations with Russia with U.S. support, the Political News Network said.
The Ukrainian Pravda reported on the 5th that early in the morning, Russia used missiles and drones to launch attacks on the Dnipro Petrovsk area, damaging a local business, a sports stadium, an administrative building and some civilian residences. At the same time, Russia also used drones to carry out large-scale strikes on railway infrastructure in the Sumer region, injuring station duty personnel and damaging infrastructure.
The Russian newspaper Izvestia reported on the 5th that the Russian Ministry of Defense announced on the same day that Russian forces had attacked transportation and energy infrastructure used by the Armed Forces of Ukraine, as well as assembly sites, storage sites, and launch sites for long-range drones.