The ambassadors of the member states of the European Union have previously developed and agreed on a mechanism according to which Ukraine will receive a loan worth 35 billion euros using the proceeds from Russia’s frozen assets. This was announced by the Hungarian mission to the EU on October 9.
“Today the permanent representatives agreed on a written procedure for the adoption of a series of laws regarding the use of proceeds from Russian assets for loan servicing and repayment,” – says a message from the representative office on the social network X (formerly Twitter).
It is clarified that the written procedure and final approval will begin once the project is approved by the European Parliament.
Previously, on September 17, the Financial Times reported that the European Union was preparing to provide Ukraine with new loans worth up to €40 billion, regardless of US involvement and Hungary’s remaining veto of the extension. of the freezing of Russian assets.
Prior to this, on September 16, Politico newspaper stated that most EU countries support the idea of freezing the assets of the Central Bank of the Russian Federation to transfer them to Ukraine for 36 months instead of six. The option of freezing assets for five years with a review of the decision every 12 months was also considered, Izvestia recalls.
