#LOAN

The new loan raises U.S. loans and guarantees to Poland to over €10.4 billion in two years. Photo:

US to bolster Poland’s defense capabilities with $4 billion in military assistance

The United States is bolstering Poland with a $4 billion (€3.78 billion) Foreign Military Assistance (FMF) loan guarantee to help the NATO partner build up its defense capabilities, the State Department said on Thursday.

Welcome ceremony on day one of the 50th G7 summit at Borgo Egnazia, Italy on June 13, 2024. Photo by (EV) /ABACAPRESS.COM via PAP/Abaca

G7 agrees to proceed with multi-billion loan for Ukraine using frozen Russian assets

Leaders of the Group of Seven wealthy democracies on Friday reached a consensus on the delivery of some 50 billion dollars in loans to Ukraine backed by the earnings from frozen Russian sovereign assets starting as early as December.

It is the first time that the UK has leveraged the assets, frozen on account of Russia’s invasion of its neighbor, to help bankroll Ukraine’s war effort. Photo:

Britain to send $2.9 billion to Ukraine under G7 loan deal

Britain will give Ukraine a $2.94 billion loan that will be paid back using the profits from frozen Russian assets.

Illustrative Image: Arrival ceremony of the 101st Airborne Division (Air Assault) of the U.S. Army and its 2nd Brigade Combat Team, in which the units presented their unit colors in a ceremony marking their official arrival in Europe at Mihail Kogalniceanu Airbase, Constanta, Romania on July 30. The ceremony was followed by the âRomania/US Air and Land Showcaseâ, where the combined capabilities of the U.S. Army and the Romanian Army were demonstrated. Photo by ALEXANDRA RADU/Anadolu Agency via Getty Images

U.S. and Romania to ratify $920 mln defense loan deal

The United States will sign a $920 million direct loan agreement with Romania on Wednesday to support its defense modernization program, the Romanian government said.

Ursula von der Leyen met with Volodymyr Zelenskyy on Friday in Kyiv. Photo: PAP/EPA/Vladyslav Musiienko

EU to prop up Ukraine’s budget with €35bn loan

Ursula von der Leyen, the European Commission’s president, has said the European Union will provide Ukraine with a €35 billion loan secured by frozen Russian assets.

(Photo by Jason Lee - Pool/Getty Images)

Hungary borrowed €1 billion from China for infrastructure purposes

Hungary took a loan from Chinese banks for infrastructure purposes worth €1 billion euros, Hungarian economic portal Portfolio reported on Thursday.

PAP/Piotr Nowak

Poland ratifies $2 bn loan agreement from U.S. for fortifying defense

Poland and the U.S. have signed a direct loan agreement within the framework of the Foreign Military Financing program, Poland’s defense ministry has reported.

G7 leaders meet in PAP/EPA/CIRO FUSCO

G7 agrees to provide $50 billion loan to Ukraine using frozen Russian assets

Group of Seven (G7) countries reached an agreement on Thursday to offer Ukraine $50 billion in loans, backed by funds from immobilized Russian assets.