The European Parliament supports the repayment of Ukraine’s loan with the interest of Russia’s frozen property
The European Parliament announced on Monday that the council’s international trade committee had voted in favor of a 35 billion-euro mechanism to repay Kiev’s loan through profits from Russian frozen assets.
According to RCO News Agency, it is stated in this statement: “The Trade Committee supported the commission’s proposal to provide a loan of 35 billion euros to Ukraine with 31 votes in favor, 4 votes against and no abstentions.”
It is further mentioned in this statement: “This is the contribution of the European Union to the Group of Seven initiative in line with the support of 50 billion euros to Ukraine to meet the urgent financial needs of this country in the face of Russian militancy.”
The statement emphasizes that after the council’s approval, lawmakers must now formally discuss the proposal and approve it at the October 22 meeting.
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