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EU confirms Russian assets will be frozen until war ends and reparations are paid

On October 22, the European Parliament will consider the issue of allocating a 35 billion euro loan to Ukraine.

EU summit in Brussels At the EU summit in Brussels, the bloc's countries confirmed the freezing of Russian currency assets in the EU until the Kremlin stops its aggression against Ukraine and pays compensation for the damage caused to our state.

As noted in the final document of the European Council meeting, the bloc “stressed the importance of fulfilling the commitments made at the G7 summit, “to allocate, together with partners, a $50 billion loan for Ukraine by the end of the year, under the guarantee of blocked Russian funds.”

The European Parliament will consider the issue of the EU's share in this loan, which amounts to 35 billion euros, at a plenary session on Tuesday, October 22.

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