The EP takes a step towards granting Ukraine a EUR 35 billion loan
The European Parliament's Committee on Trade has approved an initiative to provide Ukraine with a €35 billion loan. It will be repaid at the expense of profits from frozen Russian assets.
This was reported by RBC-Ukraine with reference to the press service of the European Parliament.
During the consideration of the European Commission's proposal for a loan to Ukraine, 31 members of the committee voted in favor and four others voted against.
The European Parliament recalled that such a loan would be the EU's contribution to the G7 initiative to provide Ukraine with $50 billion from the proceeds of Russia's frozen assets.
The loan will then be submitted to the European Parliament for consideration. This will take place at the EP session on October 21-24. The EU Council will then have to approve the loan to Ukraine in writing. The decision will come into force the day after its publication in the EU's Official Journal.
Author - Dmitriy Levchenko, 15/10/2024
