As early as July, the European Union will be able to provide Ukraine with almost 1.5 billion euros in income from frozen Russian assets in the EU, European Commission President Ursula von der Lein confirmed.
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According to her, 10% will go to reconstruction and restoration, and a large percentage will go to defense. In addition, the EU will separately allocate 1.9 billion euros of financial support under the Ukraine Facility program.
The official said that next week at the G7 summit, leaders will discuss “how Ukraine can even more quickly benefit from frozen Russian assets.”
Ursula von der Lein also expressed hope that the European Union will begin negotiations with Ukraine on accession to the EU this month.
The head of the European Commission confirmed that Ukraine has completed all the necessary steps determined by the European Commission for the process of its accession to the European Union. The European Commission proposes to extend temporary protection for Ukrainians for another year – until March 2026.
The conditions for providing protection have not changed, the European Commission said, reports a Radio Liberty correspondent.
Russia’s ongoing attacks on Ukraine’s infrastructure show that there are no safe and lasting conditions for return. The Commission therefore considers that the reasons for temporary protection remain and that it should be extended for another year. This will ensure that all those fleeing Russian bombs can find protection in the EU and provide stability for the almost 4.2 million people already in the EU. Later this week, the European Commission will present this proposal to ministers at the Council of Justice and Internal Affairs, it added.
Russia destroyed 80% of thermal generation and a third of hydroelectric generation in Ukraine, President Vladimir Zelensky said at the conference. Ukraine was left without 9 GW of capacity; the peak of electricity consumption in Ukraine last winter reached 18 GW.
Source: Racurs
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