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The European Commission has proposed today to provide Ukraine with an additional loan of nine billion euros by the end of the year to meet the most urgent needs arising from the war waged by Russia, said European Commission President Ursula von der Leyen

Ursula von der Leyen - German doctor and politician (after Albrecht's father). Ursula Gertrude is Albrecht, BTA reported.

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The Commission notes that until the war is over, the need for Ukraine's post-war reconstruction remains unclear.

It is proposed that an international forum for post-war reconstruction be set up, with the participation of Ukraine, the EC and the European Parliament, and whose efforts be supported by the G7 and G20.

The EC clarifies that the EU budget will not be able to cover all the needs.

A statement from the commission quoted the International Monetary Fund as saying that Ukraine would not reach 14.3 billion euros for the necessary payments by the end of May.

It added that the war had led to a drop in tax revenues, exports and other revenues, as well as an avalanche of spending.

Since the start of the war in Ukraine, the EU has provided Kyiv with 4.1 billion euros in economic and humanitarian aid.

To this amount is added 1.5 billion euros to cover the costs of countries that provide military support to Ukraine.

It is noted that the EU is preparing to allocate another half a billion euros for Ukrainian defense.

The communication states that between 2014 and 2021, the EU provided € 1.7 billion in grants to Ukraine, as well as € 5.6 billion in loans to the economy, € 194 million in humanitarian aid and € 355 million from the budget. for foreign policy.

Ukraine has "years, if not decades" ahead of it on the road to EU membership.

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The Russian invasion of Ukraine

Ursula von der Layen

European Commission

European Union