Balkans | European Union countries approve a loan of 18 billion euros for Ukraine

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Balkans |  European Union countries approve a loan of 18 billion euros for Ukraine

European Union member states have approved an aid package that includes granting Ukraine 18 billion euros in loans next year.

The European Council announced that the package, which includes member states to provide 18 billion euros in aid to Ukraine, has been accepted.

Noting that the package offers a structural solution for providing financial support to Ukraine, the statement said, “The loan amount to be provided to Ukraine in 2023 will be 18 billion euros.” expression was used.

In the statement, the statement indicated that the loan in question would be non-refundable for a period of 10 years, and it was noted that the majority of the interest cost on the loan would be covered by member states.

In the statement, which said that the guarantee of borrowing will be provided by the member states, it was emphasized that the goal is to support Ukraine.

In the statement, it was noted that the supplier targets areas such as financing Ukraine’s urgent needs and repairing critical infrastructure.

Needs AP approval

Support for Ukraine was originally conceived as an aid package that would require the unanimous approval of the 27 EU countries.

Opposing the EU as a whole to provide financial support to Ukraine and jointly borrowing for this purpose, Hungary argued that each member state should help Ukraine according to its own possibilities.

Hungary vetoed a financial aid package for Ukraine this week.

After Hungary disagreed, other countries redesigned the package to include member state guarantees rather than the EU budget.

The package in question must be approved by the European Parliament for it to enter into force.

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