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EU Trade Committee approves €35bn loan for Ukraine from frozen Russian assets, part of $50bn G7 initiative.
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.
The loan allows Ukraine flexibility in fund allocation and is contingent on its commitment to democratic reforms and human rights.
The European Parliament will vote on the proposal soon, with potential disbursement by the end of 2024.
This move underscores the EU's support for Ukraine amid ongoing conflict.
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El Comité de Comercio de la UE aprueba un préstamo de 35 000 millones de euros para Ucrania procedente de activos rusos congelados, que forma parte de la iniciativa G7 de 50 000 millones de dólares.