The European Union is developing a plan for financial assistance to Ukraine until 2027, designed to assure Kyiv of the reliability of support from allies.
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This is stated in the material of the Financial Times with reference to diplomats and EU officials.
With this plan, the European Commission intends to respond to criticism about the “haphazard and unpredictable financial support” of Kyiv.
The assistance plan provides for four-year financing of Ukraine for tens of billions of euros. Brussels hopes the new program will give Kyiv more financial confidence and encourage other allies like the US and UK to make similar long-term commitments.
Ukraine’s needs are very great, and they require great guarantees. (With EU member states – ed.) There will be a big discussion, but a strong desire to help Ukraine is still present, – one of the European diplomats noted.
We are talking, in particular, about the position of Hungary, which has already suspended preliminary rounds of funding for Ukraine. Budapest, playing on the Ukrainian issue, is trying to unlock billions of euros of frozen EU money for its country.
The financing plan, which could entail a new issuance of debt by the European Commission, came amid a revision of the multi-year EU budget for 2021-2027, significantly depleted by the war and the associated influx of refugees from Ukraine, as well as high inflation.
Recall that this year the EU must pay Ukraine 18 billion euros of macro-financial assistance.
Source: Racurs
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