UKRAINE, Oct 23 — On October 22, the European Union approved a loan of up to €35 billion to Ukraine secured by frozen Russian assets, reported the press service of the European Parliament.

The loan is part of a G7 package agreed last June to provide Ukraine with approximately €45 billion in financial support. The final contribution amount may be lower, depending on the size of loans provided by other G7 partners.

Ukraine will receive up to €35 billion in repayments by the end of 2025. The amount is to be repaid from frozen Russian assets.

The decision was supported by a majority of MPs—518. 56 MPs opposed it, and 61 abstained from voting.

On October 11, German Chancellor Olaf Scholz announced a new aid package for Ukraine worth €1.4 billion during a meeting with Ukrainian President Volodymyr Zelenskyy in Berlin. The military aid package includes air defense systems, drones, radars, ammunition, armored vehicles, and Gepard anti-aircraft systems.

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