The EC will provide €11B for Ukraine this year through a G7 loan secured by Russian assets.

The European Commission will continue providing military, political, and economic support to Ukraine, said European Commission President Ursula von der Leyen.

“Militarily, we recently allocated €1B to Ukraine’s defense industry through windfall profits from frozen Russian assets. We are on track to reach the target of two million rounds of artillery ammunition for Ukraine in 2025, and we are ready to frontload the remaining €11B of G7 loans,” she stated.

The newly approved SAFE loan program, which supports European security by giving member states access to €150B in resources, also enables investment in Ukraine and its defense sector, as well as joint orders with Ukrainian companies.

“Politically, we must keep up the pressure on Russia to engage in serious talks, starting with a real ceasefire. Our 18th sanctions package aims to do just that, which will be agreed soon,” the EC president added.

However, the European Council failed to adopt the 18th package of sanctions after Slovakia voted against tightening restrictions against Moscow. Discussions on new sanctions will resume in the coming days.