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flag EU loans Ukraine €9 billion using frozen Russian assets as collateral, facing Moscow's condemnation.

flag The European Union has provided Ukraine with €9 billion in loans, using profits from frozen Russian central bank assets as collateral. flag The move follows the freezing of around $300 billion in Russian assets by Western nations in 2022. flag While the G7 supports the plan to loan Ukraine up to $50 billion, Moscow has condemned the scheme as illegal, warning it could damage the credibility of Western financial systems.

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