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flag EU Trade Committee approves €35bn loan for Ukraine from frozen Russian assets, part of $50bn G7 initiative.

flag The European Union's Trade Committee has approved a €35 billion loan for Ukraine, funded by frozen Russian Central Bank assets, as part of a G7 initiative totaling $50 billion. flag The loan allows Ukraine flexibility in fund allocation and is contingent on its commitment to democratic reforms and human rights. flag The European Parliament will vote on the proposal soon, with potential disbursement by the end of 2024. flag This move underscores the EU's support for Ukraine amid ongoing conflict.

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