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EU Finances Ukraine from Revenues on Illegally Seized Russian Assets

European Commission President Ursula von der Leyen announced the transfer of the first €3 billion tranche to Ukraine on Jan. 10: “Almost 3 years into Russia’s war of aggression, Ukraine can keep counting on its friends and partners. Today, we deliver €3 billion to Ukraine, the first payment of the EU part of the G7 loan,” von der Leyen said on social media.

The participants in the G7 summit in Italy in June 2024 pledged to provide Ukraine with a loan of €50 billion backed by profits from illegally immobilized Russian assets.

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