Due to the war against Russia, Ukraine is suffering huge economic losses and needs constant financial injections from outside.
The budget of the European Peace Fund, in which, in particular, funds are allocated for military assistance to Ukraine, is spent and planned for 85-86%, which will be the subject of the meeting of the EU Foreign Affairs Council in November. 15 in Brussels. On Friday, November 11, Interfax-Ukraine reports referring to an anonymous European Union official.
“The High Representative (EU for External Affairs Josep Borrell) is concerned about the financial situation of the Fund. He will touch on this issue next week and remind that we must now ensure the financial stability of the European Peace Fund for a long time,” said the representative of the EU.
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According to the official, Ukraine, Africa and neighboring countries remain the main destination for the allocation of funds for the EU.
The representative of the EU said that, perhaps, at the meeting on November 15, the issue of the European Peace Fund will not be considered in detail, because it is complicated and needs to be concluded. Its final consideration may take place in December.
The European Peace Fund is an intergovernmental fund established by EU member states to finance peacekeeping operations. Ukraine received a total of 3.1 billion euros from the Fund.
It should be noted that the President of Ukraine Volodymyr Zelensky is concerned about “ambiguous messages” from members of the US Republican Party on the issue of supporting Kyiv.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.