In a bold move to support Ukraine amid ongoing challenges, EU lawmakers have greenlit a massive €35 billion loan—funded by profits from frozen Russian assets. 📈 The decision, passed with overwhelming support on Tuesday, signals solidarity with Kyiv and adds momentum to a G7-backed $50 billion aid initiative announced earlier this year.
🌐 Experts call this a “game-changer” in global economic diplomacy, as it repurposes funds from immobilized Russian reserves (a first on this scale!). 💡 For context: €35 billion could build roughly 35,000 schools or fund renewable energy projects powering entire cities—a lifeline for Ukraine’s recovery efforts.
While debates over long-term impacts continue, one lawmaker summed it up: “This isn’t just about money—it’s about rebuilding futures.” ✊ Stay tuned as global leaders navigate this unprecedented financial strategy.
Reference(s):
cgtn.com