The European Commission (EC) announced on Thursday its decision to provide Ukraine with a loan of EUR 18.1 billion starting in 2025 as part of macro-financial assistance, to be repaid using revenues from frozen Russian assets.
"The decision made today by the European Commission to allocate EUR 18.1 billion to Ukraine comes at a crucial moment. It sends a clear signal regarding the unwavering long-term commitment of the EU to support Ukraine's fight for freedom," stated Valdis Dombrovskis, the European Commission's Commissioner for Economy and Productivity.
According to him, this funding will help Ukraine address urgent budgetary issues. He noted that it represents the EU's contribution to the G7 countries' initiative for loans to Kyiv, backed by revenues from frozen Russian assets, which are expected to total EUR 45 billion.
The EUR 18.1 billion loan will be disbursed in tranches throughout 2025. The first payment is scheduled for early January, as reported by the European Commission.
"This decision was made after the Commission concluded that Ukraine has met all the political conditions agreed upon for the disbursement of this amount," the EC's communiqué states.