On October 22, the European Parliament announced the approval of a loan of up to €35 billion to Ukraine, which will be paid from future revenues derived from frozen Russian assets. 518 members of the European Parliament voted in favor of the initiative, 56 opposed it, and 61 abstained. This loan is part of the macro-financial assistance (MFA) program the EU provides as part of the G7 agreement reached in June this year. The G7 package overall provides up to $50 billion in financial support for Ukraine. The final amount from the EU may be lower, depending on the loans granted by other G7 countr…