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Ukraine says its survival depends on EU decision for $50 billion in aid

  • January 9, 2024
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Deputy Prime Minister for European and Euro-Atlantic integration UkraineOlga Stefanishina, On Tuesday he said his country’s “survival” depended on whether the European Union (EU) could greenlight 50 billion

Ukraine says its survival depends on EU decision for  billion in aid

Deputy Prime Minister for European and Euro-Atlantic integration UkraineOlga Stefanishina, On Tuesday he said his country’s “survival” depended on whether the European Union (EU) could greenlight 50 billion euros in support. for the coming years from the revision of the community budget to 2027.

“Completing this financial support for the next four years is vitally important to us and, in fact, We cannot imagine a situation if a decision is not made on February 1st.“, Stefanishina pointed out.

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The Deputy Prime Minister of Ukraine made this statement during a video conference. The Global Europe Forum was organized at the European Parliament the liberal group in this House, Renew Europe.

He mentioned the extraordinary EU summit to be held in Brussels next year. 1st of February reach agreement on a review of the community’s multi-year budget until 2027, after Union leaders failed in December to unblock Hungarian veto allocate 50 billion euros to Ukraine.

Photo: Reuters

It’s literally a matter of survival“, he emphasized.

Stefanishyna assured that the head of the Ukrainian department of social policy is now in Brussels and is working on a “possible scenario” in case this decision is not made.

He made it clear that “Ukraine’s resilience cannot be taken for granted,” but rather, “it comes at a price.”

“This decision is one on which we really need to build all the political will to compromise, and not look for another scenario,” he said.

The EU has allocated 18 billion euros to Ukraine in 2023 so that the country can guarantee payment for basic services while the invasion war started by Russia continues.

The European Union provided assistance to Kyiv in the amount of 85 billion euros since the beginning of Russian aggression in February 2022 between financial, emergency, humanitarian and military assistance.

Photo: Reuters

The aim of the Commission and the vast majority of Member States is that financial assistance can continue from 2024 within the framework of the Community budget, to make it more predictable, so Twenty-Seven leaders will celebrate the next There will be a new summit on February 1 to try to approve the package with unanimous support..

The Community Executive has already warned that it will work to ensure that, with or without Hungarian support, there is a solution to providing assistance to Ukraine.

This could include extending the system hitherto used, in which financing is raised in markets backed by national guarantees, which would exclude Budapest from it.

EFE

Source: Aristegui Noticias

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