The European Commission is set to unveil a formal legal proposal in the coming days for a €140 billion ($163 billion) reparations loan to Ukraine. This loan will be backed by immobilized assets of the Russian Central Bank held within the European Union.
The announcement comes as part of ongoing efforts to support Ukraine amid the ongoing conflict. The proposal aims to provide significant financial assistance to Ukraine, utilizing funds that are currently frozen due to sanctions against Russia.
For further context on international developments, see recent developments in semiconductor investments and previous reports on military actions in Ukraine.
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