September 20, 1:18 p.m.
European Commission President Ursula von der Leyen (Photo: JOHN THYS/REUTERS)
According to three sources of the publication, the loan is part of a $50 billion aid plan for Ukraine, which emerged as a result of negotiations with the United States and other countries. GRAM7 (Furthermelody sevensto).
in June 2024 Leaders of the G7 countries have agreed to provide Ukraine with a $50 billion loan, to be repaid from the proceeds of Russia’s frozen assets.
However, US officials said they would participate in the project only if the EU offered legal guarantees that Russian assets would remain frozen for a long period. Official Brussels (and around 200 billion euros of Russian state assets are frozen in the EU), could not secure them due to Hungary’s resistance to extending the sanctions regime against Russia.
According to journalists, to compensate «In the absence of the United States and bypassing a Hungarian veto, the EU tried to increase its share of the loan to 40 billion euros, guaranteed by the bloc’s general budget. But EU member state authorities objected and began to pressure Brussels to force European officials to force the United Kingdom, Canada and Japan to increase their share.
The sum of 35 billion euros is therefore a compromise that will allow the United States to enter the game later and thus reduce the risks for the EU, the journalists report.
According FOOTfinal figure credit It may range between 20 and 40 billion euros and will be set by the European Commission after consultation with the Member States. GRAM7.
Benefit of frozen Russian assets for Ukraine: what is known
Ukraine’s Western allies have been discussing for months how to use the proceeds from some $280 billion in frozen Russian central bank assets, most of them in Europe. The proceeds from the assets are estimated at between 3 and 5 billion euros a year.
At the end of May 2024, US Treasury Secretary Janet Yellen did not rule out that the G7 countries could provide Ukraine with a multi-billion dollar loan and use the interest received from $300 billion of frozen Russian state assets.
In early June 2024, US Under Secretary of the Treasury for International Finance Brent Neumann said that Washington, together with its G7 partners, was moving forward in providing assistance to Ukraine using the proceeds of Russian assets.
Reuters wrote that the United States is pressing Britain, Canada, France, Germany, Italy and Japan to provide loans backed by proceeds from frozen assets for up to $50 billion in the short term.
On June 12, the Elysee Palace announced that G7 leaders had reached an agreement to transfer $50 billion to Ukraine using frozen Russian assets.
Later, Italian Economy and Finance Minister Giancarlo Giorgetti said that EU countries would provide up to 60% of the loan funds to Ukraine.
On August 24, Bloomberg, citing its own sources, wrote that Ukrainian officials are increasingly concerned about delays in concluding the deal, which will allow them to receive support worth $50 billion from the proceeds of frozen assets of the Central Bank of the Russian Federation.
17 September, Vice-President of the European Commission, Valdis Dombrovskis stated that The European Union has earmarked 1.4 billion euros of profits from frozen Russian assets to supply arms to Ukraine.
