The Council of the European Union has approved an aid package for Ukraine worth 18 billion euros.
The Council of the European Union adopted an assistance package for Ukraine in writing. Now the European Parliament must vote for him.
“Ukraine can count on the EU. We will continue to provide Ukraine with support, including financial support, for as long as necessary. The rules adopted today mean that throughout 2023 Ukraine can count on regular financial assistance from the EU,” said Zbynek Staniura, Minister of Finance of the Czech Republic, which currently holds a six-month EU Council Presidency.
18 billion euros for Ukraine
The package includes 18 billion euros to be provided to Ukraine next year in the form of 10-year loans. The money is intended to help Ukraine rebuild its damaged infrastructure and support the country on its path to integration with the European Union.
“Member states will cover most of the interest costs from external earmarked revenues. Loan guarantees will be provided either from the EU budget or from Member States.
Hungary blocked aid
Last week, at a meeting of EU finance ministers, Hungary spoke out against the introduction of a bailout package.
“Hungary is against a revision of the financial situation,” Varga told the Council for Economic and Financial Affairs.
Viktor Orban later referred to the case, calling the reports “fake news.” He indicated that Hungary wants to convince the member states of the European Union that debt to the community is not the solution. “If we continue on this path, we will soon be unable to turn back,” he said. “We envision a different future for Europe built on strong member states rather than huge shared debt,” he added.
Hungary opposes not only this form of assistance. From the very beginning they were opponents of the sanctions imposed against Russia. Despite opposition, the states managed to reach an agreement. The aid package is to be voted on in the European Parliament next week.
Source: Wprost
