EU's €90 Billion Loan to Ukraine Won't Use Frozen Russian Assets

Ukraine Financial Aid - The European Union will provide a loan to Ukraine from the EU budget to address urgent financial needs [1] - The EU reserves the right to use mobilized EU assets to repay this loan and is working on a Reparation Loan based on Russian immobilized assets [1] - The €90 billion loan is backed by the European Union budget, but some member states like Hungary, Slovakia, and the Czech Republic will not be obligated to back it [5][6] - The loan aims to address Ukraine's financing needs, particularly as they are expected to run out of money in the first quarter of next year [6] - The mechanism defers the decision on seizing Russian assets, keeping them under European control for future loan repayment [4] EU-Mercosur Trade Deal - The EU-Mercosur trade deal, which has been in the making for 25 years, has been delayed again [9][10] - France and Italy are seeking safeguards for their farmers in case of pricing imbalances and import surges, including an emergency brake clause [11] - Concerns include ensuring that imported goods adhere to the same pesticide rules as those imposed on EU farmers [12] - The new target date for the trade deal is January 12th [14] - The deal is considered important for both Europe and Latin America as they seek to diversify away from the United States [15]