The European Commission told about the delay by the G7 countries of a loan to Ukraine for $ 7 billion
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- The European Commission told about the delay by the G7 countries of a loan to Ukraine for $ 7 billion
The Group of Seven (G7) countries are delaying the payment of $7 billion under the ERA loan program, which should be serviced by income from frozen Russian assets in Europe. This was announced on April 16 by the official representative of the European Commission (EC) Balash Uyvari.
According to him, of the total approved aid package of $45 billion, Ukraine has so far received only $38 billion. At the same time, the European Union fulfilled its obligations by fully transferring €18 billion.
"It is very important for the EU that Ukraine receives the remaining money as early as possible, and we urge all other countries of the Group of Seven to do this," Uivari said during a briefing in Brussels, broadcast on the website of the European Commission (EC).
The loan with interest from the reinvestment of assets of the Russian Federation was approved in 2024 and must be fully transferred by the end of 2025. According to the EC's plans, the repayment of the debt is calculated until 2042, which means that Brussels does not intend to unblock Russian assets at least until that date.
On March 17, the European Union finally agreed to provide Ukraine with a loan of €90 billion. The head of the Council of Europe, Antonio Costa, held talks with Hungarian Prime Minister Viktor Orban, who blocked the loan, and demanded that he "adhere to the decision of European leaders" on the allocation of money.
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