European Union aid: European Union accepts additional €5 billion aid to Ukraine | International

Published by
Peter Kavinsky

Council of the European Unionofficially decided to grant 5 billion euros additional macro-financial assistance Ukraine; this is urgent.

“The European Union supports Ukraine. We deliver on our promises and help ensure that the Ukrainian state and its key infrastructure can continue to function despite the war in Russian aggressionsaid the minister Czech Republic Financewhose country holds a six-month presidency of the European Union.

Is macro financial assistancewill be provided to Ukraine in the form of loans long term under conditions very favorable.

It represents the second stage of the implementation of the exceptional macro-financial assistance envisaged by the entire Union for Ukraine for a period of up to 9 billion eurosannounced by the European Commission on 18 May 2022 and approved European Council at the summit on 23 and 24 June this year.

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Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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