France backs EU’s $105bn joint loan plan for Ukraine security

France has publicly endorsed a new European Union financing plan that will channel around $105 billion in loans to Ukraine, framing the move as a milestone in Europe’s approach to security amid Russia’s ongoing war. The deal was approved by EU leaders at the European Council and relies on collective borrowing rather than direct budget transfers, underlining a change in how the bloc responds to prolonged conflict.

Paris frames deal as strategic shift

French Foreign Minister Jean-Noel Barrot described the agreement as a decisive step for Europe, arguing that shared borrowing shows the continent is prepared to shoulder greater responsibility for its own defense. In a statement posted on social media platform X, he said the decision reflects Europe’s determination to act together when its security environment is under pressure.

How the financing will work

The €90 billion package will be raised on capital markets and used to fund Ukraine over the next two years, after member states failed to reach consensus on using frozen Russian assets. European Commission President Ursula von der Leyen confirmed that the loan mechanism emerged as the most viable compromise following intensive negotiations among EU governments.

Wider regional implications

The agreement comes as security dynamics across Europe, the Black Sea and Eastern Mediterranean remain closely interconnected, a reality followed carefully in Türkiye due to its regional role and proximity to the conflict zone. Analysts say the EU’s move could set a precedent for future collective responses, while also reshaping debates on burden-sharing, sovereignty and long-term support for Kyiv.