(Reuters) - The European Commission plans to announce a 35 billion euro ($39 billion) loan to Ukraine as part of a G7 scheme to raise $50 billion on the back of future profits from frozen Russian state assets, the Financial Times reported on Friday, citing three people.

The European Union plans to fund a €35 billion ($39.1 billion) loan backed by future profits from immobilized Russian central bank assets to help provide more predictable financial support to Ukraine,

The sum of 160 million euros from the proceeds of frozen Russian assets will be allocated to meet Ukraine's urgent humanitarian needs for this winter, European Commission President Ursula von der Leyen said on Thursday.

Ukraine’s electricity supply risks “severe disruptions” this winter, the International Energy Agency (IEA) has warned, urging Kyiv’s allies to help address the country’s energy security.

International Energy Agency says coming winter will be hard as country has lost more than two-thirds of energy production capacity since Russian invasion

Ukraine's electricity supply shortfall could reach 6 gigawatts this winter, about a third of expected peak demand, amid Russian attacks on energy infrastructure and the expiry of a gas supply contract,