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.Benoit Doppagne/Belga Mag/AFP via Getty Images

Parliament approves EU loan of up to €35B to Ukraine – POLITICO

by · POLITICO

BRUSSELS — 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.