The European Union has announced a 35 billion euro loan to Ukraine, financed by frozen Russian assets, demonstrating financial support amid the ongoing conflict.
Ursula von der Leyen emphasized that this funding is essential, stating, 'This is a huge step forward. We should make Russia pay for the destruction it caused,' highlighting the urgency of Ukraine's financial needs.
The G-7's initial plan involved raising $50 billion from frozen assets, but complications arose due to the need for unanimous E.U. sanctions, underscoring the challenges in mobilizing funds.
Von der Leyen expressed confidence in collective support, saying, 'I am absolutely confident that others will also do their share,' indicating a call for a united front.
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