A new multi-billion loan to Ukraine of 140 billion euros – over 1,500 billion Swedish kronor – is now being discussed by the EU countries' ambassadors ahead of next week's summit in Copenhagen.
According to the plans, which Commission President Ursula von der Leyen announced as early as last week, the loan is to be based on the multi-billion amounts in frozen Russian state assets held in the EU. The idea is that Ukraine will then repay the loan only when Russia starts paying for repairs for the war damage that the country has caused.
