Czech president says he wants country to join financing mechanism for Ukraine loan

Oleh Pavliuk, Tetyana Oliynyk - 19 December, 16:44

Petr Pavel. Photo: Getty Images

Czech President Petr Pavel has welcomed the EU leaders' agreement on a joint loan for Ukraine, while hinting that he would like Czechia to take part in the mechanism.

Source: Pavel on X (Twitter), as reported by European Pravda

Details: Pavel called it "extremely important" that the European Council has agreed upon financial assistance for Ukraine.

Quote: "Russia's war of aggression is severely draining the country. Our help is vital for Ukraine's survival. But it is also a forward-looking investment in the security of Europe and Czechia.

Therefore, I believe it is right that together with other Europeans we show we are capable of taking on our share of responsibility and securing the future of our continent."

Background: The European Council agreed to provide Ukraine with a €90 billion loan for 2026-2027, based on EU borrowing on capital markets and backed by EU budget reserves. However, Hungary, Slovakia and Czechia refused to take part in the scheme.

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