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European Parliament backs proposal to provide Ukraine with EUR 35-bln loan
Journal Staff Report

BRUSSELS, Oct 22 – The European Parliament supported the European Commission proposal to provide Ukraine with an exceptional loan of up to EUR 35 billion as a contribution to the initiatives of the G7 countries, with subsequent repayment at the expense of unexpected revenues from frozen Russian assets.

A total of 635 MEPs took part in the vote, of which 518 voted "for," and 56 - "against" with 61 abstentions.

The corresponding vote on the resolution to adopt a regulation of the European Parliament and the Council on the establishment of the Ukraine Loan Cooperation Mechanism and the provision of exceptional macro-financial assistance to Ukraine took place on Tuesday in Strasbourg as part of a plenary session of the European Parliament.




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