Ukrainian President Volodymyr Zelenskyy outlined how Ukraine plans to use the €35 billion loan provided by the European Commission. Source: European Pravda, citing Zelenskyy during a press conference with European Commission President Ursula von der Leyen in Kyiv Zelenskyy said the funds from the EU loan will primarily be spent on energy.

Ukraine’s President Volodymyr Zelenskyy has underscored the critical importance of timely decisions from international partners in ensuring the success of Ukraine’s “victory plan” in the ongoing war against Russia.

Zelenskiy told a joint press conference with von der Leyen that Ukraine planned to use a proposed multi-billion dollar European Union loan for air defense, energy and domestic weapons purchases