EU to provide Ukraine with loan worth up to 35 billion euros - von der Leyen

FILE PHOTO: European Commission President Ursula von der Leyen arrives for a meeting of the Board of Commissioners in Brussels, Belgium, September 18, 2024. JOHN THYS/Pool via REUTERS/File Photo

BRUSSELS (Reuters) - The EU will grant a loan of up to 35 billion euros ($39.06 billion)to Ukraine to help the country stuck in a grinding war with Russia, EU Commission President Ursulo von der Leyen announced on Friday.

The loan, which was announced while the bloc's Commission chief is on a visit to Kyiv, is part of a wider plan among G7 nations to raise funds using proceeds from Russian assets frozen to sanction the country for invading its neighbour.

($1 = 0.8960 euros)

(Reporting by Charlotte Van Campenhout, Tassilo Hummel)