💨 Abstract

The European Union has transferred the first tranche of a $3.09 billion loan to Ukraine, agreed by the G7 nations and funded by the earnings of frozen Russian assets. This is part of a larger $50 billion loan package intended to support Ukraine financially as it continues its fight against Russia. The loan is being distributed through multiple channels, including the EU, IMF, and World Bank. The U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖