BRUSSELS, January 10, 2025 (Hina) – On Friday, the European Commission disbursed the first installment of a 3 billion euro loan to Ukraine, which will be reimbursed through the proceeds of frozen Russian assets.
This loan is part of a broader package totaling 45 billion euros, as agreed upon by the G7 nations, with the European Union contributing 18.1 billion euros.
European Commission President Ursula von der Leyen announced on X, “Today, we are providing Ukraine with three billion euros. This marks the initial payment from the EU’s share of the G7 loan.”
The G7 reached an agreement in late October to extend a total loan of 50 billion US dollars (approximately 45 billion euros) to Ukraine. In December, the United States contributed around 20 billion euros, while the remaining funds will come from the United Kingdom, Japan, and Canada.
Repayment of the loan is set to occur through revenue from frozen Russian assets.
The Commission highlights that this macroeconomic support is vital for meeting Ukraine’s pressing budgetary requirements, which have surged due to the ongoing and intensified aggression from Russia.
According to the Commission’s statement, “This loan will help ensure macroeconomic stability and facilitate the rebuilding of vital infrastructure that has been damaged by Russia, including energy facilities, water supply systems, transport networks, roads, and bridges.” (January 10, 2025)
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