The European Union has approved a new €1 billion financial aid package for Ukraine aimed at supporting the country’s post-war reconstruction and reform efforts, the European Commission announced on Wednesday. The loan will be repaid using profits generated from frozen Russian state assets held within the EU, according to DPA and official Commission statements.
European Commission President Ursula von der Leyen called the disbursement an “investment in our shared future.” She praised Ukraine’s ongoing reform efforts, highlighting strengthened cooperation in sectors ranging from defense and security to economic development.
“This is more than support — it’s a deepening of our strategic partnership,” von der Leyen said, emphasizing the EU’s commitment to helping Ukraine recover from the devastation caused by Russia’s full-scale invasion.
The funding is part of the EU’s contribution to a broader G7 initiative, which aims to deliver €45 billion in aid to Ukraine by 2027. The EU has pledged €18.1 billion, of which €5 billion has already been disbursed — including the latest tranche.
According to the Commission, the funds will address Ukraine’s urgent budgetary needs, support critical infrastructure repairs, and assist with recovery and stabilization efforts across the country.
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