EU Council adts EUR 18B assistance to Ukraine

This is said in a press release issued by the EU Council, Ukrinform reports.

The prosal was adted by the EU Council today via a written procedure and it will be submitted to the Eurean Parliament for its possible adtion next week.

“Ukraine can count on the EU. We will continue to support Ukraine, also financially, for as long as it takes. The legislation which we adted today means that Ukraine can count on regular financial help from the EU throughout 2023,” said Zbyněk Stanjura, Finance Minister of the Czech Republic.

It is noted that the package provides for a structural sution to financially support Ukraine in 2023.

“The amount to be lent to Ukraine in 2023 will be €18 billion, and the loans will have a 10-year grace period. Member states will cover the bulk of the interest costs via external assigned revenues. The guarantees for that borrowing will be provided either by the EU budget or by member states,” the document says.

The aim is to provide short-term financial relief, financing Ukraine’s immediate needs, rehabilitation of critical infrastructure and initial support towards sustainable post-war reconstruction, with a view to supporting Ukraine on its path towards Eurean integration.

As reported by Ukrinform, on December 6, the EU Council failed to adt a complete package of three documents needed to provide Ukraine with EUR 18 billion in macro-financial assistance in 2023.