EU gives Ukraine €1bn loan from frozen Russian assets

Date:

The European Union (EU) has disbursed 1 billion euro (approximately 1.17 billion dollars) in additional financial aid to Ukraine, the European Commission announced on Thursday.

The money is provided as a loan, to be repaid using interest income generated from frozen Russian state assets held within the EU.

With this payment, the EU reaffirmed its position as the largest donor to Ukraine since Russia’s full-scale invasion began. According to EU figures, total support to Ukraine now exceeds €170 billion.

The latest disbursement is part of a broader initiative by the G7 group of industrialised nations, which aims to provide around 45 billion euro in new aid to Ukraine by 2027.

READ MORE  PDP gives me go ahead to run for President – Bauchi Governor

The EU’s share in this package amounts to 18.1 billion euro.

Thursday’s payment brings the total G7-backed loan disbursements to Ukraine to 10 billion euro since the beginning of 2025, the commission stated.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Arise TV’s Sikiru Abidemi charges colleagues to restore professional ethics at 50th birthday

By Stanley Onyekwere   Arise Television correspondent Sikiru Abidemi has issued...

VP Shettima Arrives Dutse For APC Presidential Campaign Rally

Vice President Kashim Shettima has arrived in Dutse, the...

Pure Water Armageddon: Gulping the Water on Faith

My Thoughts Have No Filter By Abdul'Azeez Bello WhatsApp: 0805 113...

VP Shettima Departs Abuja for APC Presidential Campaign Rally in Jigawa State

Vice President Kashim Shettima has departed Abuja for Dutse,...