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Ukraine war latest: US announces $20 billion loan for Ukraine as part of G7 initiative

Key developments on Dec. 10: US announces $20 billion loan for Ukraine as part of G7 initiative Zelensky announces 'successful tests' of new Ukrainian missile 70% of Ukrainians support 'West German' model for NATO accession, survey shows Explosions heard in occupied Donetsk Oblast city, Russian proxies announce evacuation Confusion over Russian advances in Sumy Oblast, […]

Ukraine

December 10, 2024

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Ukraine, EU sign agreement on up to 35 billion euro loan covered by Russian assets revenue

Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4. The European Commission unveiled the 35-billion-euro loan in September within the framework of the G7's broader $50 billion loan, which is covered […]

Ukraine

December 4, 2024

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Ukraine receives $100 million loan for budget expenses from South Korea

Ukraine has received $100 million as part of a loan from South Korea for budget assistance, the first time the country is providing aid to Ukraine's state budget, Prime Minister Denys Shmyhal said on Nov. 29. According to Shmyhal, the funds will be devoted to Ukraine's social sector by supporting budget expenses. In April of […]

Ukraine

November 29, 2024

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US to provide $20 billion loan to Ukraine as part of G7 pledge

The U.S. will allocate $20 billion to Ukraine as part of a $50-billion pledge by the Group of Seven (G7), President Volodymyr Zelensky announced on Oct. 23 in his evening address. During the June G7 summit in Italy, G7 leaders publicly confirmed the plan to provide Ukraine with a $50 billion loan by the end […]

Ukraine

October 23, 2024

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UK to provide Ukraine with $2.9 billion military loan, to be repaid with proceeds from frozen Russian assets

London will provide Ukraine with a loan worth £2.26 billion ($2.9 billion) backed by profits from frozen Russian assets, the U.K. government announced on Oct. 22. The funds are the U.K.'s contribution to the Group of Seven (G7)'s initiative to provide Kyiv with a $50 billion loan by the end of the year, which will […]

Ukraine

October 22, 2024

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World Bank approves fund to facilitate G7's $50 billion loan for Ukraine, Reuters reports

The World Bank's executive committee approved on Oct. 10 the creation of a new fund to help fulfill the Group of Seven (G7)'s $50 billion loan, Reuters reported, citing sources. During the June G7 summit in Italy, G7 leaders publicly confirmed a deal on the plan to provide Ukraine with a $50 billion loan by […]

Ukraine

October 11, 2024

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EU approves 35-billion-euro loan for Ukraine using frozen Russian assets

European Union countries have approved an unprecedented plan to issue a 35-billion-euro ($37.2 billion) loan to support Ukraine's war-torn economy, using Russia's immobilized Central Bank assets as collateral. The deal is part of a broader G7 initiative to provide €45 billion ($50 billion) in aid to Kyiv, struggling to counter a renewed Russian offensive that […]

Ukraine

October 9, 2024

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Hungary blocks EU sanctions changes, holding up $50 billion G7 loan package for Ukraine

The landmark decision to provide Ukraine with a $50 billion loan from the profits of frozen Russian assets has been held up after Hungarian Finance Minister Mihaly Varga announced the blocking of necessary changes to the European Union's sanctions regime on Oct. 8. During the June Group of Seven (G7) summit in Italy, G7 leaders […]

Ukraine

October 8, 2024

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