published details of the support plan for next year in the amount of 18 billion euros. It is about cheap loans on preferential terms, paid regularly every month, which will cover the most urgent needs.
Ukraine will get financial aid. She will be able to pay salaries and pensions
This is supposed to be a stable and predictable financial aid – an average of one and a half billion euros a month. Thanks to this package, Ukraine will be able to continue to pay salaries and ensure the operation of hospitals, schools and accommodation for displaced people. are also to be paid for the reconstruction of critical infrastructure destroyed by Russia, including energy infrastructure, water supply, transport networks, roads and bridges.
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– Time is of the essence, so I urge you to quickly approve all procedures so that Ukraine can start receiving money in January. This is important for Ukraine, which must be guaranteed predictability and certainty with regard to money, stressed EU Budget Commissioner Johannes Hahn.
The European Union will pay the money to Ukraine. There is also a condition that for the rule of law
The payment of the money will be subject to conditions related to the rule of law and the fight against corruption and fraud. The European Commission will borrow money on the financial markets, and the EU budget reserve is to be the guarantee. Loans on very concessional terms are to be repaid over 35 years, starting from 2033. The European Union intends to cover the interest costs.
The European Commission is also sending signals that it is still trying to find the EUR 3 billion that the EU promised Ukraine in May this year. A disbursement of €6 billion has so far been agreed and the remaining three are disputed over loan guarantees. The Czech Republic, which leads the work of the EU, announced yesterday that 3 billion euros will be part of an 18 billion package next year. However, this kind of creativity has outraged some European capitals and the situation is still unclear.
Source: Gazeta
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