The European Parliament supported the resolution for the establishment of a credit cooperation mechanism with Ukraine and the provision of exceptional macro-financial assistance. The EU allocates €35 billion to Ukraine as a contribution to G7 initiatives, with future repayment from frozen Russian assets.
This mechanism will assist Ukraine in repaying loans amounting to up to €45 billion provided by the EU and G7 partners, utilizing funds from future profits generated from frozen Russian assets in the EU. In the first reading, the decision was supported by 518 members of parliament, while 56 voted against it, and 61 abstained.
