Home WorldEurope Plans $165 Billion Loan for Ukraine Using Frozen Russian Funds, Moscow Vows Response

Europe Plans $165 Billion Loan for Ukraine Using Frozen Russian Funds, Moscow Vows Response

by Kyle Anzalone
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The European Union is planning to provide Ukraine with a $165 billion loan to support the war effort. The loan will be backed with Russian assets frozen by Western nations. The Kremlin stated that the EU scheme amounted to theft and pledged a response. 

Under the plan, European nations would lend Ukraine $165 billion. Kiev would not have to begin repaying until Ukraine receives war reparations from Russia. It is unlikely Moscow will make post-war payments to Kiev unless. . .

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