European Commission Immediately Announces Loans Of IDR 591 Trillion To Ukraine

JAKARTA - The European Commission plans to announce a loan of 35 billion euros (USD 39 billion/IDR 591 trillion) to Ukraine.

As reported by Reuters on Friday, September 20, the loan is part of a G7 scheme to raise USD 50 billion as a future advantage of Russia's frozen state assets.

As previously reported, 160 million euros (approximately IDR 2.7 trillion) from the interest proceeds of frozen Russian assets will be allocated to meet Ukraine's urgent humanitarian needs this winter.

European Commission President Ursula von der Leyen explained that the injection of cash funds, the European Union will also help with additional repairs and exports.

Meanwhile, the International Energy Agency, reported by Reuters on Thursday, September 19, said Ukraine may face a shortage of 6 GWs this winter as electricity demand peaks increase.

Oil-fueled power plants are being dismantled in Lithuania and will be rebuilt in Ukraine, where 80 percent of the country's hot power plants have been destroyed. A third of the hydroelectric power plants in Ukraine are also out.

"We aim to restore a capacity of 2.5 GW, which is 15 percent of Ukraine's needs," Von der Leyen said, referring to improvements.

In addition, the EU will increase exports to supply 2 GWs of electricity to Ukraine.