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EU Pledges €35 Billion Loan To Ukraine
EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
The European Union pledged on Friday to lend Ukraine up to 35 billion euros ($39 billion) as part of a loan package organized by the Group of Seven major industrial nations, as it seeks to help the country rebuild its economy and its war-shattered power grid.
EU's Von Der Leyen Announces 35 Billion Euro Loan in Kyiv Visit
KYIV (Reuters) -European Commission President Ursula von der Leyen announced a loan of up to 35 billion euros ($39 billion) for Ukraine during a visit to Kyiv on Friday, saying it was needed to defend the country against Russian attacks and help it get through the winter.
EU pledges to lend Ukraine up to $39 billion to help rebuild its economy and power grid
The European Union vows to lend Ukraine up to $39 billion, underwritten by the windfall profits earned on almost $300 billion in frozen Russian assets.
EU, Ukraine
Explained: How the EU will tap into Russia's frozen assets to raise €35 billion for Ukraine
The profits made by Russia's frozen assets are the key behind the €35 billion loan that the EU has promised to Ukraine.
EU unveils plan to lend Ukraine $39B in frozen Russian assets
European Commission President Ursula Von der Leyen said Friday the European Union plans to lend Ukraine $39 billion to help rebuild the nation’s economy and energy grid, both heavily damaged by Russia’s invasion.
EU to loan Ukraine up to $39 bln, funded by Russian assets
The European Commission says it will loan Ukraine up to $39 billion after Russia destroyed its infrastructure:::: Kyiv, Ukraine:: Ursula von der Leyen, European Commission President :: “Russia’s relentless attacks mean further support is necessary.
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