The European Union has pledged a loan of up to 35 billion euros ($39.06 billion) to Ukraine to assist the country in its ongoing conflict with Russia. The announcement was made by EU Commission President Ursula von der Leyen during her visit to Kyiv.
As part of a larger effort by G7 nations to raise funds from frozen Russian assets for sanctions, this loan is a significant contribution towards Ukraine’s recovery. President von der Leyen emphasized the importance of this support in helping Ukraine combat the challenges it currently faces.
Ukrainian President Volodymyr Zelenskyy expressed intentions to allocate the EU loan towards enhancing air defense capabilities, energy infrastructure, and domestic weapons procurement. This financial aid is set to play a crucial role in stabilizing the region and bolstering Ukraine’s defense forces against external threats.
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