(13 Jun 2024)
RESTRICTION SUMMARY:
AGENCY POOL
Borgo Egnazia, Italy - 13 June 2024
1. Wide journalists
2. SOUNDBITE (English) Ursula von der Leyen, EU Commission President:
"It is a strong signal that, we are sending to Ukraine that we will support Ukraine in its fight for freedom for as long as it takes. It is also a strong signal to Putin that Putin cannot outlast us. You should keep in mind that there's a European support of €50 billion . There's the American support of $60 billion, and now comes on top a G7 package of $50 billion. And the message is also, that it's not the European taxpayers that are paying for the damage that Putin is causing with this war of aggression, but it is Putin because, it is the windfall profits from the immobilized assets in Europe that are serving this 50 billion loan for Ukraine."
3. Von der Leyen with journalists
4. SOUNDBITE (English) Ursula von der Leyen, EU Commission President:
"So all G7 are contributing, to this loan in so far as they have parts of the loan that is given to Ukraine. It is the windfall profits, from the Russian immobilized assets in Europe that will serve it. And the finance ministers are now going through the details, for example, topics of backstops that are necessary, and clarify this as soon as possible. "
5. Wide of journalists
6. Von der Leyen leaving
STORYLINE:
THe G7 summit opened Thursday with an agreement reached on a U.S. proposal to back a $50 billion loan to Ukraine using frozen Russian assets as collateral, giving Kyiv a strong show of support even as Europe's political chessboard shifts to the right.
"It is a strong signal that, we are sending to Ukraine that we will support Ukraine in its fight for freedom for as long as it takes," European Commission President Ursula von der Leyen said on the sidelines of the summit's works in Borgo Egnazia.
"It is also a strong signal to Putin that Putin cannot outlast us" she added.
Von der Leyen further stressed that it wasn't EU taxpayers paying for the war damage but Putin himself, "because it is the windfall profits from the immobilized assets in Europe that are serving this 50 billion loan for Ukraine."
The U.S. proposal involves engineering a $50 billion loan to help Ukraine in its fight against Russia that would use interest earned on profits from Russia’s frozen central bank assets, most of them held in the European Union, as collateral.
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