KIEV, BRUSSELS (Reuters) – Ukraine has obtained the primary tranche of three billion euros ($3.09 billion) of the European Union’s share of the mortgage agreed by members of the Group of Seven and assured by earnings from Russian sovereign belongings frozen, Kiev and Brussels mentioned. Friday.
G7 leaders in October agreed to offer round $50 billion in loans to Ukraine via a number of channels.
“Today we ship 3 billion euros to Ukraine, the primary cost of the EU a part of the G7 mortgage. We will give Ukraine the monetary energy to proceed combating for its freedom and prevail,” the Commission President mentioned on social media European Ursula von der Leyen. X platform
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Ukrainian Prime Minister Denys Shmyhal confirmed the switch of funds in an announcement on the Telegram app.
Financing channels agreed by the G7 embrace a macro-financial help mortgage from the EU, the IMF multi-donor administered account for Ukraine, and a newly created monetary middleman fund for Ukraine on the World Bank.
In December 2024, the US Treasury Department transferred the $20 billion portion of the G7 mortgage to the World Bank fund.
($1 = 0.9709 euros)
(Reporting by Max Hunder and Van Campenhout Editing by Tomasz Janowski)
