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Establishment of a credit cooperation mechanism and provision of emergency macro-financial assistance to Ukraine

22. 10. 2024 - Today, the European Parliament approved financial assistance to Ukraine of up to €50 billion, part of which will be covered by frozen Russian assets. MEPs stressed that Ukraine needs stable financial support for its defence and reconstruction.
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The European Parliament today approved a new financial aid package for Ukraine, which includes a loan of up to €50 billion. MEPs backed a proposal to cover part of this money with proceeds from frozen Russian assets located in the European Union.

MEPs believe that this step is essential for the economic stability of Ukraine, which is facing extensive damage caused by Russian aggression. The financial support will help to ensure the operation of state institutions, the reconstruction of infrastructure and other key areas, including energy and healthcare.

MEPs also stressed that the European Union must continue to look for ways to use frozen Russian assets to support Ukraine. The European Parliament called on member states to ensure the rapid release of funds and to continue to support Kiev in its defence against Russian aggression.