EU intends to offer Ukraine assistance in the amount of up to 18 billion euros

This will greatly contribute to covering Ukraine’s funding needs for 2023.

Ukraine is waiting for help from the allies / photo from UNIAN
Ukraine is waiting for help from the allies / photo from UNIAN

The European Union intends to offer Ukraine assistance in the amount of up to 18 billion euros.

European Commission President Ursula von der Leyen said this during a conversation with Ukrainian President Volodymyr Zelensky.

“The main focus of the conversation was securing Ukraine’s financial support for the coming months. President von der Leyen told President Zelensky that this week she will offer a significant financial package from the EU of up to 1.5 billion euros per month, for a total of up to 18 billion euros, which will greatly contribute to covering Ukraine’s financing needs for 2023,” the European Commission said in a statement.

It is also noted that we are talking about support in the form of preferential long-term loans to cover interest costs. It is also noted that the EU financial package should be accompanied by similar support from other major donors.

The report says that the leaders spoke about the importance of ensuring the export of Ukrainian agricultural products.

They also discussed plans to expand the capacity of roads between Ukraine and the EU, which since the beginning of the war have been used to transport Ukrainian agricultural and non-agricultural exports.

In addition, the leaders discussed the strengthening of sanctions, as well as the negative role of Iran’s support for Russia’s aggression and ways to respond.

As UNIAN reported earlier, according to the press service of the President of Ukraine, Zelensky spoke with European Commission President Ursula von der Leyen about macro-financial assistance to Ukraine and tougher sanctions against Iran for supporting Russia in the war against Ukraine. In addition, the importance of continuing the grain initiative for world food security was discussed.

Financial assistance for Ukraine from partners

On October 3, the EU adopted a memorandum on the provision of macro-financial assistance to Ukraine in the amount of 5 billion euros.

On September 20, the EU Council approved the allocation of 5 billion euros  of macro-financial assistance to Ukraine . Ukraine will receive this amount as long-term loans on favorable terms.

On September 5, Prime Minister Denys Shmyhal announced the signing of an agreement with the EU on providing Ukraine with budgetary support for 500 million euros, which will be used to provide housing for internally displaced persons, as well as to support small farmers.

(c)UNIAN 2022

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