Source: Politico
“The European Parliament approved an EU loan of up to €35 billion to Ukraine that will be repaid through the profits generated by Russian frozen assets. Parliament voted by a majority of 518 in favor and 56 against, clearing the final hurdle for the EU to finalize the payment before an end-of-year deadline. The EU pledged to give up to €35 billion to Ukraine, but its share will decrease if the U.S. contributes to the loan, as is widely expected. The EU’s involvement falls within a broader G7 initiative to hand out $50 billion to support Ukraine’s war-battered economy by the end of the year. Finance ministers from G7 countries are expected to finally agree to the carveout of the loan during an upcoming meeting in Washington on Friday.” (10/22/24)
https://www.politico.eu/article/parliament-approves-eu-loan-of-up-to-e35-billion-to-ukraine