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Friday, September 20, 2024
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EU to provide Ukraine with loan worth up to 35 billion euros – von der Leyen

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BRUSSELS (Reuters) – The EU will grant a loan of up to 35 billion euros ($39.06 billion)to Ukraine to help the country stuck in a grinding war with Russia, EU Commission President Ursulo von der Leyen announced on Friday.

The loan, which was announced while the bloc’s Commission chief is on a visit to Kyiv, is part of a wider plan among G7 nations to raise funds using proceeds from Russian assets frozen to sanction the country for invading its neighbour.

($1 = 0.8960 euros)

(Reporting by Charlotte Van Campenhout, Tassilo Hummel)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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