Official announcements from the G7 countries or reputable news sources such as Reuters or BBC

Germany to Support Ukraine with €50 Billion Loan, Says Scholz

Aug 20, 2024, 05:33 AM

German Chancellor Olaf Scholz has announced that Germany will continue to support Ukraine by providing a €50 billion loan. This financial aid is part of a broader initiative involving the G7 countries. Scholz emphasized that Germany remains Ukraine's strongest supporter in Europe, and the loan will enable Ukraine to procure weapons on a large scale. There is some ambiguity regarding whether the €50 billion is shared across the G7 or solely provided by Germany.