“ The European Union is increasingly convinced that the use of frozen assets of the aggressor of the Russian Federation is the only real way to provide stable funding for Ukraine, as other sources of financing are exhausted. Source: Bloomberg, citing informed interlocutors, “European Truth” details: According to sources of the agency, the EU will seek to reach political consent to the use of assets to give Ukraine the so -called “repair loan” at the Brussels leaders summit next week. As soon as this is ensured, the European Commission will quickly start working on a legal proposal on the mechanism of release of funds by the second quarter of next year, reported interlocutors. The feeling of urgency arises because much of the responsibility for financing the military and economic needs of Ukraine is currently in Europe, as the United States declares that they will no longer pay for weapons for Kiev, according to the publication. In addition, several EU Member States are covered by the political and budget crisis. Against this background, President Volodymyr Zelenskyy made it clear that some allies are delaying the funding of a special Purl procurement program that allows Ukraine to buy weapons in the United States at the expense of other NATO member states. According to the plans discussed by the European Union, Ukraine will receive about 140 billion euros of new loans at the expense of frozen growths. Money will be returned only if Russia agrees to pay Ukraine reparations for the losses caused by war. According to some sources, if the war continues, Kiev will probably need more than $ 200 billion to support defense and financing by the end of this decade. EU Member States also discuss the terms of loans whether funds should be used for military purposes, economic needs of Ukraine or for both purposes, as well as how much money should be spent on supply from Europe and other countries. Prehistory: German Chancellor Friedrich Merz stated that he was expecting the use of frozen Russian assets for further assistance to Ukraine this month. In response, Russia has started to nationalize Western companies. Belgium Prime Minister Bart de Wever has appealed to other EU leaders to provide guarantees that they would share the risks if frozen Russian assets are used to financing loans to Ukraine.”, – WRITE: www.pravda.com.ua
Illustration from the Word and Delo site Source: Bloomberg with reference to the informed interlocutors, “European Truth”
Details: According to the sources of the agency, the EU will seek to reach political consent to the use of assets to provide Ukraine with a so -called “reparation loan” at the Brussels leaders summit next week.
Advertising:
As soon as this is ensured, the European Commission will quickly start working on a legal proposal on the mechanism of release of funds by the second quarter of next year, reported interlocutors.
The feeling of urgency arises because much of the responsibility for financing the military and economic needs of Ukraine is currently in Europe, as the United States declares that they will no longer pay for weapons for Kiev, according to the publication.
In addition, several EU Member States are covered by the political and budget crisis.
Against this background, President Volodymyr Zelenskyy made it clear that some allies are delaying the funding of a special Purl procurement program that allows Ukraine to buy weapons in the United States at the expense of other NATO member states.
According to the plans discussed by the European Union, Ukraine will receive about 140 billion euros of new loans at the expense of frozen growths.
Money will be returned only if Russia agrees to pay Ukraine reparations for the losses caused by war.
According to some sources, if the war continues, Kiev will probably need more than $ 200 billion to support defense and financing by the end of this decade.
EU Member States also discuss the terms of loans whether funds should be used for military purposes, economic needs of Ukraine or for both purposes, as well as how much money should be spent on supply from Europe and other countries.
Prehistory:
- German Chancellor Friedrich Merz stated that he was expecting the use of frozen Russian assets for further assistance to Ukraine this month.
- In response, Russia has started to nationalize Western companies.
- Belgium Prime Minister Bart de Wever has appealed to other EU leaders to provide guarantees that they would share the risks if frozen Russian assets are used to financing loans to Ukraine.