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ARTICLE · 25 SEPTEMBER 2024

Stepwise Risk Outlook: What We're Watching Today, September 23, 2024

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In Kyiv on a visit, European Commission President von der Leyen announced a loan of up to 35 billion euros ($39 billion) for Ukraine for defense against Russian attacks and protecting energy infrastructure.

United StatesStrategy
Melissa B. Mahle
Melissa B. Mahle
Anni Coonan
Anni Coonan
William Simpson
William Simpson

Global: EU announces 35-billion-euro loan for Ukraine financed by Russian assets frozen globally

In Kyiv on a visit, European Commission President von der Leyen announced a loan of up to 35 billion euros ($39 billion) for Ukraine for defense against Russian attacks and protecting energy infrastructure.

Our Take: The funding will be financed through the accumulated interest on the $300 billion in frozen Russian assets, a novel financing mechanism that has been under negation among G7 members for months. Russia has threatened to retaliate against any country that seeks to benefit from frozen Russian assets.

Read More: Reuters, Wilson Center, Chatham House

Europe: Deadly floods strain government finances in central Europe

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