Overview

• The European Union will provide a $39 billion loan to Ukraine to support economic reconstruction and energy infrastructure repair.
• This loan is part of a larger $50 billion credit package promised by the G7 nations earlier this year.
• Funds will be backed by interest from frozen Russian assets, with the EU already contributing $132 billion in aid since the war began.
• The loan will help Ukraine rebuild its power grid, which has been heavily damaged by Russian attacks, ahead of the winter season.
• EU leaders emphasize the importance of supporting Ukraine to prevent further displacement of its population and ensure long-term stability.