Have the article read by OpenAI (Beta). Please note that AI translations may take some time to process.Brussels (dpa) – Ukraine on Friday received 3 billion EUR (3.1 billion USD) from the European Commission as part of a major aid package pledged by the Group of Seven (G7) leading economies.
The G7 and the European Union aim to provide Ukraine with a loan of 50 billion USD, secured by interest income on Russian state assets frozen in the West. The 3 billion EUR pay-out was the first instalment of the EU’s contribution to the loan.
Commission President Ursula von der Leyen wrote on X that the aim of the loan is to give Ukraine the financial strength to continue fighting for its freedom and to win the war against Russia.
“Just like the brave Ukrainian resistance, our support will be steadfast,” she added.
Ukraine has been defending itself against a full-scale Russian invasion for nearly three years with Western support. Russia’s President Vladimir Putin has sharply criticised the proposed loan for Ukraine some time ago, calling it robbery. He warned that the G7’s decision “will not go unpunished.” (12 January)
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