The EU agreed on a mechanism for a loan to Kyiv for 35 billion euros from the income of Russian assets

Ambassadors of the European Union have agreed on a procedure for allocating a loan of 35 million euros to Kyiv using income from frozen assets of the Russian Federation. This was reported by the Hungarian representation in the EU.

    “The ambassadors agreed to use a written procedure to adopt a number of legal documents on the use of proceeds from frozen Russian assets for servicing and repaying loans,” the representative office said in a statement on the X social network.

They noted that the written procedure will begin after the European Parliament approves the draft decision.

 The EU has jurisdiction over most of the sovereign assets of the Bank of Russia frozen in 2022 in the amount of 200 billion euros. The European Commission justifies the appropriation of income from them by the European Union by the fact that these incomes allegedly do not belong to Russia.

Previously, the Danish authorities sent Ukraine more than $434 million from the proceeds from the frozen assets of the Russian Federation.