Foreign affairs, New EU law, 22 Oct 2024
Establishing the Ukraine Loan Cooperation Mechanism and providing exceptional macro-financial assistance to Ukraine
Report by Karin Karlsbro · Parliament’s first vote on a proposed EU law. It sets Parliament’s position for negotiations with the Council.
Passed 518 for · 56 against · 61 abstained by an overwhelming majority
AI summary:The proposal establishes the Ukraine Loan Cooperation Mechanism to help Ukraine repay loans of up to €45 billion using windfall profits from frozen Russian assets.