EU to provide loans worth up to 35 billion euros to Ukraine

EU Commission President Ursula Von der Leyen shared a post on the social media platform X during her visit to Kiev.

Von der Leyen, who stated that Russia continues its attacks on Ukraine without interruption, indicated that Ukraine needs EU support.

Von der Leyen, drawing attention to the fact that the EU will contribute to Ukraine's recovery, said, "The EU Commission will provide Ukraine with a loan of up to 35 billion euros within the scope of the G7 commitment."

In June, the leaders of the G7 countries agreed to provide Ukraine with a loan of 50 billion dollars by presenting the profits from Russia's frozen assets as collateral.

Since the beginning of the Russia-Ukraine War, Western countries have frozen approximately 300 billion dollars of Russian assets. Approximately 200 billion dollars of this amount is in EU countries.

The frozen assets provide billions of dollars in interest income every year. G7 countries, especially the USA, want to use this income to support Ukraine.