The European Commission (EC) announced on Thursday the decision to pay Ukraine a loan within the framework of macro-financial assistance in the amount of EUR18.1 billion from the beginning of 2025, which will be repaid at the expense of revenues from frozen Russian assets.
“Today’s decision by the European Commission to allocate EUR18.1 billion to Ukraine took place at a crucial moment. It sends a clear signal indicating the inviolability of the EU’s long-term commitment to support Ukraine’s struggle for freedom,” said Valdis Dombrovskis, Commissioner for Economy and Productivity of the European Commission.
According to him, this financing will help Ukraine to solve urgent budgetary problems. And it, the European Commissioner noted, is the EU’s contribution to the initiative of the G7 countries regarding loans to Kyiv secured by revenues from frozen Russian assets, which should amount to a total of EUR45 billion.
The EUR18.1 billion loan will be paid in tranches during 2025. The first one should arrive in early January, the European Commission said.
“This decision was taken after the commission came to the conclusion that Ukraine has fulfilled all the political conditions agreed upon for the payment of this amount,” the EC communique says.
