OREANDA-NEWS  The European Union (EU) intends to provide Ukraine with 18 billion euros in loans from profits from frozen Russian assets. This was stated by German Finance Minister Christian Lindner, the DPA news agency reports.

"This week we are on the verge of a breakthrough in support of Ukraine," the minister said.

He stressed that he highly appreciates the statement by US Treasury Secretary Janet Yellen that Washington is ready to allocate $ 20 billion to Kiev at the expense of Russian assets. "It also opens the way for EU support of 18 billion euros," Lindner added.

Earlier, the European Parliament (EP) supported the proposal of the European Commission (EC) to allocate a loan of 35 billion euros to Ukraine for income from Russian assets. It is expected that the rest of the G7 countries, including the United States, will contribute about 10 billion euros more.