EU to Discuss €140 Billion Ukraine Loan Plan Using Russia Assets
The European Union is considering a plan to provide Ukraine with a €140 billion ($164 billion) loan, financed by the freezing of Russian Central Bank assets. The proposal will be discussed by EU ambassadors on Friday. The plan aims to support Ukraine's economy and its reconstruction efforts, as the country continues to face the consequences of the ongoing conflict with Russia. By utilizing frozen Russian assets, the EU seeks to find a practical solution to aid Ukraine without directly tapping into the bloc's own resources. The details of the loan, including the terms and conditions, will be the subject of the upcoming discussions among EU representatives. The plan reflects the EU's commitment to assisting Ukraine financially and underscores the continued efforts to hold Russia accountable for its actions through the use of frozen assets.
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