EU to announce 35 billion euro loan for Ukraine, FT says

FILE PHOTO: A view shows an office building of FSD (Fondation Suisse de Déminage), a non-governmental humanitarian organisation damaged during a Russian missile attack, amid Russia's attack on Ukraine, in Kharkiv, Ukraine July 24, 2024. REUTERS/Vyacheslav Madiyevskyy/File Photo

(Reuters) - The European Commission plans to announce a 35 billion euro ($39 billion) loan to Ukraine as part of a G7 scheme to raise $50 billion on the back of future profits from frozen Russian state assets, the Financial Times reported on Friday, citing three people.

($1 = 0.8959 euros)

(Reporting by Nilutpal Timsina in Bengaluru; Editing by Hugh Lawson)