“A new loan from the European Union for 35 billion euros will be provided in the form of a program of macro-financial assistance (Macro-Financial Assistance – MFA) for 2024-2025 and will be repaid at the expense of profits from frozen assets of Russia in the EU. ”, — write: www.epravda.com.ua
A new loan from the European Union for 35 billion euros will be provided in the form of a program of macro-financial assistance (Macro-Financial Assistance – MFA) for 2024-2025 and will be repaid at the expense of profits from frozen assets of Russia in the EU.
About this informs press service of the Ministry of Finance.
Thus, it is expected that all MFA funds for Ukraine will be on an irrevocable basis. Internal financial resources will not be used for repayment.
The decision of the European Commission is part of the G7 initiative (not an alternative) regarding the mechanism of additional loans to increase revenues to the budget of Ukraine (Extraordinary Revenue Acceleration Loans for Ukraine).
At the same time, Ukraine will independently determine what to use the funds received within the framework of this mechanism. Macro-financial assistance will not be tied to specific expenses, while at the same time it will allow to provide the most urgent needs.
The Ministry of Finance added that at the moment this is only a proposal of the European Commission, it will enter into force after consideration and its support by the European Parliament and the Council of the EU. It is expected that the funds may be available in the coming months.
“An unprecedented and just decision in favor of the return of peace to the European continent. 35 billion euros is a necessary investment to support the financial stability of Ukraine and our ability to effectively confront the enemy at the front. And importantly, the proposal provides that this investment will be provided using the income from the immobilized assets of the aggressor country.
The issue of confiscation of all frozen assets of the Russian Federation should remain on the agenda. The use of profits is one of the first steps on this path,” said Minister of Finance Serhiy Marchenko.
We will remind:
President of the European Commission Ursula von der Leyen during her visit to Kyiv on September 20 announced on the allocation of an EU loan to Ukraine in the amount of €35 billion.