20 hours ago
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EU Sends €1 Billion Loan to Ukraine
Israa Farhan
The European Union has disbursed a fresh €1 billion loan to Ukraine, reinforcing its commitment to Kyiv amid the ongoing war with Russia.
This latest instalment forms part of the broader G7-backed funding package and brings the EU's total financial support to over €150 billion, according to European Commission President Ursula von der Leyen.
This financial aid arrives at a critical time for Ukraine, which continues to grapple with both battlefield losses and humanitarian challenges.
Kyiv recently
received
the remains of 1,200 fallen soldiers as part of a prisoner and casualty exchange with Russia, underscoring the heavy toll of over two years of conflict.
In a separate incident, a tragic road accident in France claimed the lives of at least four Ukrainians after a bus carrying refugees and aid workers crashed en route to a support center.
Since Russia's full-scale invasion began in February 2022, Ukraine has relied heavily on Western financial and military backing to stabilize its economy and repel Russian forces. The EU has played a leading role in this effort through its macro-financial assistance programs, humanitarian funding, and military aid.
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