The EU will allocate over 18 billion euros to Ukraine from frozen Russian assets in 2025 - Ursula von der Leyen
Kyiv • UNN
Ursula von der Leyen announced the start of the loan repayment within the G7 commitment from January. The EU will provide Ukraine with €13 billion from the Fund and more than €18 billion from frozen Russian assets.
European Commission President Ursula von der Leyen said that the EU will start transferring its share of the loan of up to 35 billion euros within the G7 commitment in January. This is over 18 billion euros for 2025. She said this on Wednesday in the European Parliament, writes UNN.
Details
The IMF estimated Ukraine's financing deficit at over $42 billion for 2025. But we are filling this deficit together with our G7 partners and international financial institutions. Next year, our Union will contribute 13 billion euros from the Ukraine Fund. And from January, we will start transferring our share of the G7 loan, financed by the proceeds from the frozen Russian assets. This is over 18 billion euros for 2025
According to her, the aid will provide Ukraine with economic and financial stability until the end of 2025, and will also free up the country's fiscal space for the purchase of military equipment.
"In other words, Putin's strategy to push Kyiv into a financial abyss has completely failed," added the President of the European Commission.
Reminder
The Council of the EU has approved a package of assistance to Ukraine, which includes up to 35 billion euros in macro-financial assistance and a mechanism to support the repayment of loans of up to 45 billion euros. The funds will come from the profits of frozen Russian assets.
