“The European Union plans to invite Ukraine to close the needs of the army and ammunition at the expense of the EU’s loan, which provides Kyiv as a G7 Extraordinary Revenue Acceleration (ERA) and is funded by income from frozen assets of Russia.”, – WRITE: www.pravda.com.ua
Source: A member of the delegation of one of the key countries of the EU in the sidelines of the extraordinary meeting of the European Council in Brussels on March 6 told about it “European Truth”.
Details: Due to the termination of military support from the United States and the possible delay of the process of creating additional mechanisms by the European Union, Ukraine can send part of the ERA credit line for military procurement, which provides Kiev in 2025 in 2025 euros from the income of frozen assets of the Central Bank.
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“We already have 18 billion euros on the table, on the basis of which Ukraine could receive military support right now,” the European official said.
He linked this initiative to the fact that the proposal of the high representative of the EU in Kai Callas on the creation of a powerful fund of military support of Ukraine, which could accumulate resources and weapons according to some data for the amount of 20 billion euros, has not found widespread support of the EU countries and is in the process of reconciliation.
The European Office reminded that in 2025 the European Union plans to provide Ukraine with more than 30 billion euros of macro -financial assistance, of which 12.5 billion euros – funds within Ukraine Facility, and 18.1 billion come from the European share of ERA G7 credit, which is funded by income from frozen Russian.
It is the ERA loan that can be used for military procurement, he stressed.
“The point is that we need to accelerate Ukraine’s support, depending on the needs of Ukraine, in the near future, so that it can be in the best negotiation position. Of the 18 billion euros of this loan, from the European share of the loan of” Seven Group “, we would like to contract much of this.
He did not report which part of 18.1 billion could be sent for defense purchases, since the corresponding decision was not yet made at the EU level, but noted that it could be “at least half”.
The European official reminded that Britain has already decided to transfer the share of income from frozen assets of the Russian Federation for air defense for Ukraine.
As previously reported, in 2025 the European Union will provide Ukraine with financial assistance for about 35 billion euros under the G7 ERA Credit Initiative and Ukraine Facility.