EU Commits $39 Billion Loan to Rebuild Ukraine's Economy and Energy Infrastructure

The loan, part of a G7 package, aims to stabilize Ukraine's finances and repair its war-damaged power grid.

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.