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E.U. announces loan to Ukraine is to be backed by frozen Russian assets

European Commission President Ursula von der Leyen said the E.U. would loan Kyiv up to €35 billion (US$39 billion).

Ursula von der Leyen pledged continued E.U. support for Ukraine
Ursula von der Leyen promised continued E.U. support for Ukraine (AN/President of Ukraine)

The European Union will loan Ukraine up to 35 billion euros backed by the "extraordinary revenues" that it receives from frozen Russian assets.

What's new: European Commission President Ursula von der Leyen, on her eighth visit since the all-out war began, arrived in Ukraine's capital Kyiv on Friday with a message of continued support for the conflict-torn country as the prospect of another tough winter approaches.

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