The European Parliament on Tuesday voted to grant Ukraine a loan of up to €35 billion ($38 billion), utilizing profits from frozen Russian assets. This significant financial support underscores the EU's commitment to aiding Ukraine amidst ongoing challenges.
The approved loan forms a crucial part of a broader $50 billion initiative agreed upon by G7 countries in June, aimed at strengthening economic stability and providing comprehensive assistance. With an overwhelming majority of lawmakers backing the decision, the EU's latest move reinforces international solidarity towards Ukraine's resilience and recovery.
Reference(s):
cgtn.com
