EU to Contribute Up to €35B to €45B G7 Loan for Ukraine, Secured by EU Budget and Frozen Russian Assets

Oct 9, 2024, 04:29 PM

European Union envoys have agreed to contribute up to €35 billion to Ukraine as part of a G7 loan package totaling €45 billion, according to diplomats. The non-refundable EU loan will be backed by immobilized Russian central bank assets and secured by the EU budget headroom.