EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral, but distributing the loans has been slow.
EU unveils plan to lend Ukraine $39B in frozen Russian assets
Von der Leyen made the announcement during a joint news briefing in Kyiv with Ukrainian President Volodymyr Zelenskyy. The $39 billion loan is part of a $50 billion loan package using frozen Russian assets, which was agreed upon by the Group of Seven leading industrialized nations during a meeting in June.
E.U. to loan Ukraine up to $39 billion backed by frozen Russian assets
G-7 nations had promised Ukraine at least $50 billion using frozen Russian assets, but there were differences between the United States and the European Union over implementation.
EU plans 35 billion euro Ukraine loan, funded by Russian assets
The European Commission proposed on Friday a loan of up to 35 billion euros ($39 billion) for Ukraine to help cover its increased needs after Russian destruction of its infrastructure. The proposed loan,
EU to Announce 35 Billion Euro Loan for Ukraine, FT Says
A view shows an office building of FSD (Fondation Suisse de Déminage), a non-governmental humanitarian organisation damaged during a Russian missile attack, amid Russia's attack on Ukraine, in Kharkiv,
Europe will loan war-torn Ukraine up to $39 billion as part of G7 pledge
The European Union will lend Ukraine up to €35 billion ($39 billion) to help rebuild its economy, providing the lion’s share of a $50 billion loan agreed by G7 nations earlier this year.
Explained: How the EU will tap into Russia's frozen assets to raise €35 billion for Ukraine
The profits made by Russia's frozen assets are the key behind the €35 billion loan that the EU has promised to Ukraine.
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