EU to Discuss €140 Billion Ukraine Loan Plan Using Russia Assets
Residents react after Russian shelling damaged residential buildings, in Kyiv.
Photographer: Genya Savilov/AFP/Getty Images
European Union ambassadors will begin discussions on Friday on a plan to provide Ukraine with €140 billion ($164 billion) in fresh loans using frozen Russian Central Bank assets.
Under a proposal seen by Bloomberg, cash raised from the roughly €180 billion in Russian assets held at Euroclear would be gradually redirected to the EU to enable it to issue loans to Kyiv.