European Commission offers to allocate €5 bln of macro-financial aid to Ukraine
On Wednesday, the European Commission offered to allocate 5 billion euros of macro-financial assistance to Ukraine
Commission President Ursula von der Leyen announced this on Twitter.
"The situation in Ukraine requires our full support.
Today the EU Commission proposes an additional €5 billion in macro-financial assistance for the country," the President of the European Commission said in a statement.
The situation in Ukraine requires our full support.
Today the @EU_Commission proposes an additional €5 billion in macro-financial assistance for the country.
This is on top of the €10 billion the EU already provided in financial, humanitarian and military aid. pic.twitter.com/B60lueYl0Q
— Ursula von der Leyen (@vonderleyen) September 7, 2022
As von der Leyen reported, this loan complements the 10 billion euros that the EU has already provided to Ukraine as financial, humanitarian, and military aid.
The European Parliament and the Council of the EU must still approve the commission's proposal.
Only with a positive result will the commission be able to transfer funds to Ukraine.
On May 18, the European Commission offered to provide Ukraine with additional macro-financial assistance for up to 9 billion euros in 2022 in connection with russian aggression.
As Rubryka reported, the first tranche of 1 billion euros came to Ukraine at the beginning of August.
Until now, disputes between member states regarding the guarantee of the remaining 8 billion euros continued in the European Union, delaying aid allocation.
Later, as Rubryka wrote, all EU member states, except Hungary, agreed to financially guarantee another 5 billion euros of macro-financial assistance through long-term loans for Ukraine.
The media reported that discussions about the remaining 3 billion euros are still ongoing. Member States differ on whether the EU should give money through grants or loans.
Read Rubryka's timeline of war: current news on Ukraine's defense against russia's aggression.
