“On January 5, the spokesman of the European Commission, Maciej Berestecki, announced that the European Commission, together with the Council of the EU, is finalizing the legal basis for a loan of 90 billion euros to Ukraine for two years. Kyiv expects the first tranche by the end of the second quarter of 2026.ā, ā write: www.pravda.com.ua
Illustrative photo: Getty Images Source: Correspondent of “European Truth”
Details: The European Union is conducting preparatory work to provide Ukraine with EUR 90 billion in 2026-27, which was decided by the European Council in December.
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“On December 18-19, the European Council agreed to provide Ukraine with a loan in the amount of EUR 90 billion based on enhanced cooperation. After the meeting, the European Commission submitted a proposal on the decision of the EU Council, which allows for enhanced cooperation. It was adopted on December 22 and submitted to the EU Council, where it will be voted on by a qualified majority,” Berestecki said.
He added that the adoption of a decision on enhanced cooperation between the EU and Ukraine also requires the consent of the European Parliament.
“It is expected that this (approval of the document by the Council of the EU and the European Parliament – “EP”) will take place within the next few weeks,” added the spokesperson of the European Commission.
He also emphasized that, at the same time, the European Commission is working on a proposal for a regulation that establishes loan conditions for Ukraine.
“This proposal from the Commission is planned to be adopted in January, and then it will be submitted to the Collegium for a decision,” the spokesman said.
At the same time, “the European Council agreed to amend the regulation on the multiannual financial framework (the EU’s multiannual budget until 2027 – the “EU”), so that the EU can grant a loan to a third country.”
“This proposal from the Commission is also planned to be adopted in January,” he clarified.
“We are aware of the urgency of Ukraine’s financial needs. We plan to make the first payment to Ukraine no later than the second quarter of 2016,” added Macei Berestecki, answering a question from EuroPravda.
We will remind:
- As “European Truth” reported, the European Council agreed to provide A loan to Ukraine in the amount of EUR 90 billion for 2026-2027 based on EU borrowings on capital markets secured by EU budget reserves. But Hungary, Slovakia and the Czech Republic refused to participate in this scheme.
- The conclusions of the summit stated that thanks to the enhanced cooperation on the instrument based on Article 212 of the Treaty on the Functioning of the European Union, “any mobilization of the resources of the Union budget as a guarantee for this loan will not affect the financial obligations of the Czech Republic, Hungary and Slovakia”.
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