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A new financial gesture from Europe in favor of Ukraine


Brussels is beefing up its immediate aid and wants to provide a framework to support the reconstruction of the ravaged country.

The European Commission is positioning itself as a key player in the reconstruction of Ukraine, ravaged by 84 days of war.

It offers

“a way to help Ukraine rise from the ashes of war, just as our Union emerged from the rubble of 1945,”

summarizes the Commissioner in charge of the Economy, Paolo Gentiloni.

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The first stone of the plan unveiled on Wednesday, the most concrete, claims to meet the immediate funding needs estimated at 5 billion dollars per month to provide basic public services, pay salaries and pensions, and make the country's economy work.

The European Commission recommends increasing the macro-financial assistance provided to Ukraine by €9 billion since the start of the crisis.

Enough to cover two thirds of kyiv's needs for three months, therefore.

These low-interest, long-term loans would be accompanied by subsidies from the Union budget to pay the interest.

Read also

War in Ukraine: the Council of Europe denounces “vertiginous” human rights violations

Despite the voluntarist tone of Brussels, the money…

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Source: lefigaro

All news articles on 2022-05-18

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