٠٠:٠٢:٢٩European Commission President Ursula von der Leyen announced that the 'necessary legislation' to enable EU countries to provide Ukraine with the G7's $50 billion loan supported by frozen Russian assets would be established 'before the end of the year,' speaking during the European Union leaders' summit press conference held on Thursday.
"We also presented to leaders the G7 initiative to provide Ukraine with loans of roughly 50 billion dollars, and now we will work with our member states with G7 partners and Ukraine to put the necessary legislation in place, and we are looking forward to providing Ukraine with relevant funds before the end of the year," she stated.
The assets were frozen when Moscow launched a military offensive in Ukraine in late February 2022. This week the EU also used to provide Ukraine with 1.4 billion euros from revenues from those assets - bypassing Hungary, which called the practice 'shameless'.
Russia has also condemned the move and promised that there will be a response.
Furthermore, Belgium's Prime Minister Alexander De Croo announced that the European Council had agreed on a clear position regarding the ongoing conflict in Gaza, saying that sanctions were introduced against both Hamas and violent Israeli settler actions against Palestinians in the West Bank.
"We imposed, there are also sanctions, sanctions, for example, against terrorist organisations such as Hamas and the Palestinian Islamic Jihad, and for the first time also sanctions against violence Israeli settlers on the West Bank. This was a crucial agreement," he said.
The settlements are communities built on Palestinian land occupied by Israel since the 1967 war. Although the Israeli government acknowledges the settlements as part of the Israeli state, they are considered illegal under international law.
Additionally, De Croo congratulated Hungarian Prime Minister Viktor Orban on assuming the Council of the European Union's rotating presidency next week.
VDL pledges 'necessary legislation' to secure G7 $50 billion loan for Ukraine from Russian assets 'before end of year'
European Commission President Ursula von der Leyen announced that the 'necessary legislation' to enable EU countries to provide Ukraine with the G7's $50 billion loan supported by frozen Russian assets would be established 'before the end of the year,' speaking during the European Union leaders' summit press conference held on Thursday.
"We also presented to leaders the G7 initiative to provide Ukraine with loans of roughly 50 billion dollars, and now we will work with our member states with G7 partners and Ukraine to put the necessary legislation in place, and we are looking forward to providing Ukraine with relevant funds before the end of the year," she stated.
The assets were frozen when Moscow launched a military offensive in Ukraine in late February 2022. This week the EU also used to provide Ukraine with 1.4 billion euros from revenues from those assets - bypassing Hungary, which called the practice 'shameless'.
Russia has also condemned the move and promised that there will be a response.
Furthermore, Belgium's Prime Minister Alexander De Croo announced that the European Council had agreed on a clear position regarding the ongoing conflict in Gaza, saying that sanctions were introduced against both Hamas and violent Israeli settler actions against Palestinians in the West Bank.
"We imposed, there are also sanctions, sanctions, for example, against terrorist organisations such as Hamas and the Palestinian Islamic Jihad, and for the first time also sanctions against violence Israeli settlers on the West Bank. This was a crucial agreement," he said.
The settlements are communities built on Palestinian land occupied by Israel since the 1967 war. Although the Israeli government acknowledges the settlements as part of the Israeli state, they are considered illegal under international law.
Additionally, De Croo congratulated Hungarian Prime Minister Viktor Orban on assuming the Council of the European Union's rotating presidency next week.
European Commission President Ursula von der Leyen announced that the 'necessary legislation' to enable EU countries to provide Ukraine with the G7's $50 billion loan supported by frozen Russian assets would be established 'before the end of the year,' speaking during the European Union leaders' summit press conference held on Thursday.
"We also presented to leaders the G7 initiative to provide Ukraine with loans of roughly 50 billion dollars, and now we will work with our member states with G7 partners and Ukraine to put the necessary legislation in place, and we are looking forward to providing Ukraine with relevant funds before the end of the year," she stated.
The assets were frozen when Moscow launched a military offensive in Ukraine in late February 2022. This week the EU also used to provide Ukraine with 1.4 billion euros from revenues from those assets - bypassing Hungary, which called the practice 'shameless'.
Russia has also condemned the move and promised that there will be a response.
Furthermore, Belgium's Prime Minister Alexander De Croo announced that the European Council had agreed on a clear position regarding the ongoing conflict in Gaza, saying that sanctions were introduced against both Hamas and violent Israeli settler actions against Palestinians in the West Bank.
"We imposed, there are also sanctions, sanctions, for example, against terrorist organisations such as Hamas and the Palestinian Islamic Jihad, and for the first time also sanctions against violence Israeli settlers on the West Bank. This was a crucial agreement," he said.
The settlements are communities built on Palestinian land occupied by Israel since the 1967 war. Although the Israeli government acknowledges the settlements as part of the Israeli state, they are considered illegal under international law.
Additionally, De Croo congratulated Hungarian Prime Minister Viktor Orban on assuming the Council of the European Union's rotating presidency next week.