EU countries greenlight €35 billion loan for Ukraine using Russia's frozen assets
EU countries greenlight €35 billion loan for Ukraine using Russia's frozen assets
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The European Union has approved a €35 billion loan to support Ukraine's economy, using immobilised Russian Central Bank assets as collateral. This initiative is part of a larger G7 plan to provide €45 billion to Ukraine amid ongoing conflict and economic struggles. The loan will allow the Ukrainian government flexibility in spending. However, Hungary's opposition to changing the EU sanctions regime could delay the process.
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