European Commission President Ursula Von der Leyen announced a $39 billion EU loan to Ukraine for rebuilding its economy and energy grid, damaged by Russia’s invasion. This loan is part of a $50 billion package using frozen Russian assets, agreed upon by the Group of Seven. The EU has frozen about $235 billion in Russian assets, and the loan requires approval from a majority of EU member states. Ukrainian President Volodymyr Zelenskyy emphasized the urgent need to repair the energy grid before winter. Von der Leyen also announced $180 million in energy funding for Ukraine, with $111 million from frozen Russian assets.