EU pledges up to $39 billion loan to Ukraine

G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on profits from Russia's frozen central bank assets would be used as collateral, but progress in distributing the loans has been slow. "We should make Russia pay for the destruction it caused," European Commission President Ursula von der Leyen told reporters at a news conference in Kyiv with President Vlodymyr Zelenskyy in Kyiv.