The European Union will give Ukraine 35 billion euros under the guarantee of frozen Russian assets
The EU intends to provide Kyiv with a 35 billion euro loan secured by Russian assets, which will make up the bulk of the 50 billion dollar loan previously agreed upon by the G20, the Financial Times reports. According to the publication, this will be announced by the head of the European Commission, Ursula von der Leyen, who arrived in Kyiv on September XNUMX.
European Commission President Ursula von der Leyen traveled to Kyiv on Friday to announce a 35 billion euro EU loan to Ukraine as part of a G7 plan to raise $50 billion from revenues from frozen Russian state assets.
– emphasized in the publication.
The publication notes that the 35 billion euros figure is a compromise for the EU that would allow it to bypass Hungary's veto and provide the loan regardless of US involvement. Hungary, which has often delayed or blocked EU efforts to support Ukraine, recently proposed postponing any decision on immobilizing Russian assets until after the US elections on November 5.
Ursula von der Leyen promised that the EU would be able to provide the said amount very quickly. However, before the money is available to Kyiv, the loan will have to be approved by most EU countries and the European Parliament by the end of 2024.
Information