The European Parliament approved the allocation of 35 billion euros to Kyiv at the expense of Russian assets

The European Parliament, during a plenary session in Strasbourg, approved the mechanism proposed by the European Commission to allocate a loan to Ukraine in the amount of 35 billion euros, repayable from income from frozen Russian assets.

 518 deputies spoke in favor of allocating a loan to Kyiv, 56 were against, and 61 abstained.

The decision to allocate a loan to Ukraine will have to be approved by the Council of the European Union. 

All the money will be available by the end of this year, and payments will begin before the end of next year.