Brussels lends $40 billion to Ukraine

According to RCO News Agency, European Commission President Ursula von Derlein said today (Friday) that the European Union will lend up to 35 billion euros ($39 billion) to Ukraine.

According to Reuters News agency, the loan, which was announced by the head of the European Commission during his visit to Kiev, is part of a larger support plan of the G7 countries, which aims to collect aid funds for Ukraine from the foreign assets seized by Russia.

Von der Leyen posted a message on his user account on the X social network (formerly Twitter) and wrote: “Russia’s relentless attacks mean that Ukraine needs the support of the European Union.”

“Following two years of heavy fighting and destruction of Ukraine’s infrastructure, the country is now facing huge financial needs,” Reuters reported.

With the start of the Ukraine war, the G7 countries seized the foreign assets of Russia and the Russian oligarchs. They finally came up with a plan in May outlining how those assets would be used to support Ukraine.

According to this plan, 90% of the income from these assets will be deposited into a fund in the European Union, so that Brussels can use it to send weapons to Ukraine. The remaining 10% will be allocated to Kyiv from other methods.

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