EU disbursed €3.3 billion tranche to Ukraine under its €90 billion Ukraine Support Loan. 🇪🇺 🇺🇦 The detail that gets lost in "the EU gave Ukraine €3.3 billion" is that this isn't aid in the sense most people mean it, it's debt, and specifically debt structured to be repaid from Russian reparations that don't currently exist and depend on an outcome the war hasn't produced yet. The EU chose not to draw on the roughly €200 billion in immobilized Russian central bank assets already sitting in European institutions for this — it borrowed fresh money on capital markets instead, and pointed the repayment obligation at reparations Russia would only pay after losing or settling a war it's still fighting.