Ukraine and the European Union signed a memorandum of understanding
The European Union and Ukraine signed a memorandum of understanding on Thursday to provide Kiev with the first tranche of a Group of 7 loan worth 18.1 billion euros ($19 billion), which will be repaid from the proceeds of Russia’s frozen assets.
According to RCO News Agency, the European Trade Commissioner announced on the X social network: “I am proud to sign a memorandum of understanding with Ukraine on behalf of the European Union for large financial aid worth 18.1 billion euros to meet the urgent needs of Ukraine.” “This is part of a G7 initiative that uses the proceeds of Russia’s frozen assets and ensures that the aggressor pays for the damage it has caused.”
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