Von der Leyen announces €35B EU loan for Ukraine – POLITICO

European Commission President Ursula von der Leyen on Friday announced a plan in Kyiv to provide up to €35 billion as an EU loan to Ukraine.

"Relentless Russian attacks means Ukraine needs continued EU support," she said. "This is another major EU contribution to [...] Ukraine’s recovery."

The loan is part of the G7 countries' pledge this July to support Kyiv for the long term with arms deliveries and recovery aid, and will be financed from future profits on frozen Russian state assets that are mainly held in Europe.