12:49 - 15.10.2024

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October 15, Fineko/abc.az. The European Parliament's Trade Committee today supported by a majority vote the provision of financial support to Ukraine in the form of a loan of €35 bn at the expense of frozen Russian assets, ABC.AZ reports, referring to the European Parliament.

Payments on this emergency macro-financial loan, as well as on other loans from G7 countries, will be made at the expense of emergency proceeds from the blocked assets of the Russian Central Bank, and coordinated through a Credit Mechanism for Cooperation with Ukraine, which was recently created at the suggestion of the European Commission.

New finances within the microfinance loan will be available to Ukraine by the end of 2024, and must be paid until the end of 2025.