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EP Committee supports loan to Kyiv to be repaid using revenue from Russian assets
The European Parliament's Committee on International Trade voted for the mechanism developed by the European Commission to allocate loans to Kyiv in the amount of 35 billion euros. RIA Novosti reports this in connection with the broadcast of the meeting.
In this case, the loan will be repaid using income received from Russia’s frozen sovereign assets.
"This proposal was adopted by a majority vote without change," said Berd Lahn, a German member of the European Parliament who chaired the special session.
Once agreed upon by the relevant committees, the next step will be for the provisions to be formally discussed and approved by members of the European Parliament. This must be done at the general assembly scheduled for 22 October.
At the same time, EU foreign ministers in June approved the transfer of 2.4 billion euros in profits from frozen Russian assets to the European Peace Fund for military aid to Ukraine.
Later, the European Commission approved new budget support for Kyiv in the amount of 4.2 billion euros. These funds were planned to be allocated within the framework of the Ukrainian Fund.