Eight months after the start of the Russian invasion of Ukraine, kyiv estimates that the government’s monthly financing needs amount to between three and four billion euros.
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“A predictable, stable and reliable revenue stream.” The European Union plans to provide aid of 1.5 billion euros per month to Ukraine in 2023, in order to support this country at war, announced the President of the European Commission, Ursula von der Leyen, at the press conference. outcome of a summit of the Twenty-Seven on Friday 22 October.
“So this will give an overall figure of 18 billion for next year (…) We have instructed finance ministers to develop the appropriate mechanism”, she said at a press conference in Brussels. The Ukrainian economy is devastated, eight months after the start of the Russian offensive in the country. kyiv assesses the government’s monthly financing needs at between three and four billion euros. For Ursula von der Leyen, this amount should be financed by the EU, the Americans and the international financial institutions. “It is important to send a signal to Ukraine”said the head of the European executive.
In the conclusions of the summit, the Twenty-Seven plead for a rapid release of the remaining three billion euros of an aid package of 9 billion for 2022 announced in May. This “macro-financial assistance” takes the form of long-term loans on very favorable terms. The leaders also call on the Commission to design a “more structural solution”.