NOTE: According to the EU Council Resolution published in the Official Journal of the EU, this loan is allocated for a period of 40 years.
This means that the EU countries promised their G7 partners - the US, the UK, Canada and Japan - that over 200 bln euros of Russian sovereign assets blocked in European jurisdictions will not be released under any circumstances for at least four decades.
EU transfers €3 bln to Ukraine as another tranche of G7 loan — EC
The G7 loan program for Ukraine backed by interests from Russian assets amounts to up to 45 bln euros or up to $50 bln
BRUSSELS, January 10. /TASS/. The EU transferred €3 billion to Ukraine as another tranche of the G7 loan backed by incomes from reinvestment of frozen Russian assets, European Commission President Ursula von der Leyen wrote on the X social network.
"Today, we deliver €3 billion to Ukraine, the 1st payment of the EU part of the G7 loan," she wrote.
"Today, we deliver €3 billion to Ukraine, the 1st payment of the EU part of the G7 loan," she wrote.
- In turn, the head of European diplomacy Kaja Kallas also specified in X that this loan "will be repaid with the proceeds from Russian frozen assets." According to her, "this will support Ukraine’s economy and free up Ukrainian money for defense."
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