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What will be the primary source of funds for the EU's loan to Ukraine by the end of 2024?
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European Union•Ukraine•US•Russian•Kyiv•Brussels•Hungary•European Commission•Ursula von der Leyen•Von der Leyen
Resolution / Starting Odds
EU budget reallocations • 25%
EU member state contributions • 25%
Borrowing from financial markets • 25%
Other • 25%
Official EU announcements, financial news reports
Story
EU to Raise €40 Billion in Loans for Ukraine Without US Participation by 2024
Sep 20, 2024, 06:08 AM
The European Union is set to raise up to €40 billion in loans for Ukraine by the end of 2024, regardless of US participation. This move comes after a G7 plan to use frozen Russian assets to aid Kyiv faltered, with concerns in Brussels that Hungary may block the initiative. The funds are critical to help Ukraine address a $38 billion financing gap and finance its budget, as the country may face a funding shortfall in 2025. Additionally, European Commission President Ursula von der Leyen has announced a €35 billion loan for Ukraine as part of a G7 effort to raise $50 billion using future profits from frozen Russian state assets. Von der Leyen is currently in Kyiv to discuss the allocation of these funds, which will be used for energy, defense, and bomb shelters in schools and kindergartens.
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EU budget reallocation • 25%
New EU taxes • 25%
Frozen Russian assets • 25%
Other sources • 25%
Grants • 25%
Loans • 25%
Mixed grants and loans • 25%
Other financial instruments • 25%
Frozen Russian assets • 25%
Ukrainian government budget • 25%
International aid • 25%
Other • 25%
European Union • 25%
United States • 25%
International financial institutions (e.g., IMF, World Bank) • 25%
Other • 25%
Interest from frozen Russian assets • 25%
Direct repayment by Ukraine • 25%
G7 financial support • 25%
Other • 25%
Profits from frozen Russian assets • 25%
EU budget allocations • 25%
Ukrainian government revenues • 25%
Other • 25%
Yes • 50%
No • 50%
Energy infrastructure • 25%
Defense • 25%
Bomb shelters in schools • 25%
Other • 25%
Energy sector • 25%
Defense • 25%
Bomb shelters in educational institutions • 25%
Other • 25%
United States • 25%
European Union • 25%
International Monetary Fund • 25%
Other • 25%
Economic stabilization • 25%
Military support • 25%
Infrastructure development • 25%
Humanitarian aid • 25%
Emergency services • 25%
Economic support • 25%
Military spending • 25%
Other • 25%
Weapons procurement • 25%
Reconstruction projects • 25%
Humanitarian aid • 25%
Other • 25%