EU Comission head to announce €35 billion loan to Ukraine - FT
Photo: Ursula von der Leyen (Vitalii Nosach, RBC-Ukraine)
The European Union plans to provide a €35 billion loan secured by future profits from frozen Russian central bank assets to guarantee more predictable financial support for Ukraine, the Financial Times reports.
According to 3 sources, European Commission President Ursula von der Leyen will announce her visit to Kyiv.
The loan is part of a $50 billion plan to help Ukraine, which emerged from negotiations with the United States and the Group of Seven countries.
Loan to Ukraine
In June, the G7 leaders agreed to provide Ukraine with a $50 billion loan to be repaid from the proceeds of Russia's frozen assets.
This week, the Financial Times reported that the EU is preparing to provide new funding by the end of the year, regardless of US participation. The unilateral action comes amid concerns in Brussels that Hungary will prevent the bloc from providing the guarantees needed for the US to participate in the asset freeze.
According to the agency, the final figure may vary from 20 to 40 billion euros and will be set by the European Commission after consultations with member states.
During her eighth visit to Ukraine, Von der Leyen wrote on the X network that she would meet with leaders in Kyiv to discuss a range of issues from winterization to defense, EU accession, and progress on G7 loans.
