The EU approved a financial loan package for Ukraine worth up to 35 billion euros, which is part of the bloc’s commitment to implement the relevant G7 decision on the fixed assets of the Russian Federation.
Ukrainian Foreign Minister Andriy Sibiga spoke on the phone with EU diplomacy chief Josep Borrell. Among other things, the parties discussed frozen Russian assets. This was stated in a statement by the Ministry of Foreign Affairs of Ukraine on Saturday, October 12.
“I had a productive telephone conversation with the head of EU diplomacy, Josep Borrell, before the meeting of the EU Foreign Affairs Council, to which I am glad to be invited,” said Sibiga.
He also noted that during the conversation they discussed tangible progress in providing Ukraine with 35 billion euros by using frozen Russian assets and subsequent joint measures.
The conversation took place on the eve of a meeting of the Council of Foreign Affairs, where the Ukrainian minister was also invited.
It is known that the European Union plans to give Ukraine a loan of 35 billion euros, secured by future income from fixed assets of the Russian central bank, to guarantee more stable financial support for Ukraine.
G7 leaders and partner countries on Wednesday, September 25, adopted a Joint Declaration to Support the Recovery of Ukraine, providing additional military, economic and humanitarian assistance both in the short term and for the period after war
Let’s recall that in June the G7 countries agreed on $50 billion for Ukraine, which was used for interest from Russia’s fixed assets.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.