Ukraine to Receive $6 Billion in Loans from UK and EU, Repaid from Russian Assets
Ukraine to Receive $6 Billion in Loans from UK and EU, Repaid from Russian Assets
The UK has pledged a £2.26 billion ($2.93 billion) loan to Ukraine, while the EU has approved a €35 billion ($37 billion) loan, both to be repaid from frozen Russian assets. The loans will support Ukraine's military spending and reconstruction needs. The UK has sent about 400 pieces of various equipment to Ukraine and will provide 650 lightweight multi-role missile (LMM) systems. The EU loan may be lower depending on other G7 countries' contributions. The US is reportedly prepared to provide Ukraine with up to $20 billion as part of the G7 loan. The loans are a significant show of support for Ukraine as it continues to defend itself against Russia's aggression. Will these loans be enough to help Ukraine turn the tide in the conflict?
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Pravda UA | https://www.pravda.com.ua/eng/news/2024/10/22/7480765/ |