“The head of the European Parliament, Roberta Metsola, announced on Monday that on Wednesday the deputies plan to vote on providing Ukraine with a loan of 90 billion euros to finance military expenses.”, — write: www.pravda.com.ua
Illustrative photo: Getty Images Source: “European truth” with reference to Politico
Details: A vote on the loan was scheduled for later this month, but has been pushed back.
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“An agreement has been reached between the political groups,” said Parliament spokeswoman Delphine Kolar before the opening of the plenary session.
The center-right European People’s Party, the center-left Socialists and Democrats and the liberal Renew Europe party agreed to speed up the vote, which would allow the Commission to raise funds on the international debt market with the support of the EU’s long-term budget.
The support of the three groups means that the vote – including changes to the EU budget and the existing financing mechanism of Ukraine – will receive the necessary majority of votes for adoption.
The vote was previously scheduled for a special plenary session convened on February 24 to mark the 4th anniversary of Russia’s full-scale invasion of Ukraine.
We will remind:
- On December 19, the summit of the European Union approved a decision on joint borrowing for Ukraine in the amount of 90 billion euroswhich provides for the closure of two-thirds of Ukraine’s needs in 2026-27 both in the budgetary and defense spheres.
- On February 4, at a meeting of the Committee of Permanent Representatives (Coreper), the ambassadors of the European Union states agreed on the mechanisms for providing Ukraine with a loan in the amount of 90 billion euros in 2026-27, in particular, allowing third countries participate in this process.