In the final legislative step, the European Parliament approved the loan to Kyiv by a vote of 518 in favor, 56 against, and 61 abstentions, after EU governments agreed the plan earlier in October.
The G7 plans to provide an overall loan of $50 billion to help Ukraine, serviced by profits generated by Russian assets immobilized in the West.
These assets were frozen shortly after Russia launched a full-scale invasion of Ukraine in February 2022.
More than two-thirds of the assets, some €210 billion, are stuck in the 27-nation European Union, mostly with Belgium’s asset safekeeping and servicing company Euroclear.
Britain announced on Monday it would lend Ukraine £2.26 billion ($2.9 billion).
