Ukraine received 3 billion euros from the EU, marking the initial portion of loans backed by frozen Russian assets, Prime Minister Denys Shmyhal confirmed on January 10th. This sum is part of a $50 billion loan program, with the EU contributing approximately $20 billion. Reports indicate that the EU has frozen around $235 billion of Russian central bank holdings since the 2022 invasion of Ukraine, predominantly in Europe. The significance of this loan for Ukraine is magnified given uncertainties surrounding U.S. support, as underscored by President Volodymyr Zelensky's remarks.