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EU intends to provide €18bn in loans to Ukraine

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The EU plans to provide about 18bn euros in international loans to Kiev from the proceeds of frozen Russian assets.

As Report reports citing the DPA news agency, German Finance Minister Christian Lindner said this during a visit to New York.

‘This week we are on the threshold of a breakthrough in support of Ukraine’ – said the politician.

At the same time, he praised US Treasury Secretary Janet Yellen’s announcement that the US portion of the loan for Ukraine from the proceeds of frozen Russian assets would amount to $20bn.

‘This also opens the way for support from the European Union in the amount of 18 billion euros,’ Lindner emphasised.

On 22 October, the European Parliament at a plenary session in Strasbourg approved a mechanism proposed by the European Commission to provide Kiev with a €35 billion loan repaid from the proceeds of frozen Russian assets. This loan from the EU is intended to be part of the Group of Seven credit line, which should total 50bn dollars, or 45bn euros.

https://report.az/ru/drugie-strany/es-nameren-predostavit-18-mlrd-na-kredit-ukraine