KYIV, Sept 17 – The countries of the European Union are planning the possibility of providing Ukraine with EUR 20 billion to EUR 40 billion by the end of this year as an alternative to the plan announced by the G7 in the summer to allocate EUR 50 billion in 2025 from income from frozen Russian assets, the Financial Times reports, citing sources.

According to the publication, the European Union resorted to such a decision due to concerns that Hungary could hinder the provision of guarantees for a long-term freeze of Russian assets required by the U.S. from the EU to implement the G7 plan.