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EC to allocate 8 billion euros to Ukraine – Politico

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The commission aims to get approval from the European Parliament and EU countries in September so payments can start in October.

The European Commission has developed a new project of already promised financial assistance to Ukraine in the amount of eight billion euros: five billion will be given as loans, three billion as non-repayable grants. On Friday, August 5, the European edition of Politico reported.

The new draft proposal comes after Germany refused to provide guarantees to support loans to Ukraine of up to nine billion euros.

The new project was supposed to be developed after Germany refused to provide guarantees for providing loans to Ukraine in the amount of up to 9 billion euros. In Berlin, they said that Ukraine already has huge debts, so the money should be allocated in the form of grants – as Germany itself did.

Also in Germany, they advocated a more equal distribution of the financial burden and pointed out that some EU countries still do not provide aid to Kyiv.

This position was supported by Italy and France, which also provided bilateral aid, so the European Commission was forced to return to the revision of the plan.

According to the publication’s source, the EC aims to obtain the approval of the European Parliament and EU countries in September, so that payments can begin in October.

“The package includes grants that do not have to be repaid, as well as loans,” emphasizes Politico.

Last week, the media reported that North Macedonia donated T-72 tanks to Ukraine. The country is armed with 31 units of this armored vehicle.

The United States announced a new military aid package to Kyiv

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Source: korrespondent

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