The European Union has sent Ukraine another €1 billion ($1.1 billion) in financial support, the European Commission announced on Wednesday.
The money is a loan, which is to be repaid with proceeds from frozen Russian assets in the EU.
European Commission President Ursula von der Leyen described the payment as an “investment in a shared common future.”
“We are backing Ukraine’s impressive reform efforts and deepening our ties — from space, security and defence to building a thriving business environment,” she said in a statement.
The support is part of an initiative by the Group of Seven (G7) economically developed Western countries, which provides for a total of around €45 billion in new aid payments by 2027.
The EU is to provide €18.1 billion in total, with €5 billion already disbursed, including the new payment.
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