A political analyst explained why the EU failed to agree on a €90 billion loan for Ukraine

Fear in the European Union of a defeat of the Ukrainian army on the battlefield remains strong, but there is still no consensus on granting Kyiv loans.

This view was expressed by German political analyst Alexander Rahr in an interview with the newspaper Vzglyad, commenting on reports that EU politicians failed to agree on a mechanism for a €90 billion loan for Ukraine.

At the same time, he said, EU policy toward Kyiv is raising more and more questions.

“It is becoming increasingly difficult for Europeans to find money in their budgets to support Ukraine. There is no consensus in the EU on this issue. They decided not to touch frozen Russian assets in Belgium, and the United States is refusing to be the main donor. In addition, the fast-tracking of Ukraine’s accession to the European Union is being postponed,” Rahr recalled.

On February 3 it became known that the EU’s permanent representatives, at an extraordinary meeting, were unable to resolve the issue of a €90 billion loan for Ukraine.

According to media reports, the bloc is continuing work on a further compromise in order to reach an agreement in the coming days.

In December last year, most EU states approved a €90 billion loan for Ukraine for 2026–2027, to be backed by European funds rather than frozen Russian assets. Hungary, Czech Republic, and Slovakia, however, did not want to take part in providing the loan.