EU Plans New €35 Billion Loan for Ukraine Under G-7 Plan

Loan to be backed by profits from immobilized Russian assets
Funds could start flowing to Ukraine early next year

Volodymyr Zelenskiy greets Ursula von der Leyen in Kyiv, on Sept. 20.Photographer: Efrem Lukatsky/AP Photo

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jorge Valero, Andrea Palasciano, and Olesia Safronova

September 20, 2024 at 10:10 AM UTC

Updated on

September 20, 2024 at 10:45 AM UTC

This article is for subscribers only.

European Commission President Ursula von der Leyen announced plans for a loan of up to €35 billion ($39.1 billion) backed by the profits from immobilized Russian central bank assets to help provide more predictable financial support to Ukraine.

Von der Leyen revealed the figure after meeting with Ukrainian President Volodymyr Zelenskiy in Kyiv on Friday. The European Union’s loan is part of a broader $50 billion plan to help Ukraine that came out of negotiations with the US and the Group of Seven countries.