Ukraine needs more money than we expected, admits Czech minister – EURACTIV.com

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The EU despatched Ukraine the primary €3 billion from the €18 billion mortgage bundle, however some EU member states already see that this quantity won’t be adequate, admitted Czech Finance Minister Zbyněk Stanjura (ODS, ECR) on Tuesday.

The €18 billion support bundle for Ukraine was permitted in December 2022 after robust negotiations. In response to the regulation permitted, the EU can present Ukraine with a month-to-month monetary mortgage.

Nevertheless, the agreed quantity will in all probability not be sufficient, Stanjura stated.

“If you see at the moment and every single day the brutal assaults by the Russian military, the increasingly injury they’re doing to Ukraine’s infrastructure, but in addition to residential areas, I assume that the necessity for this cash might be even greater than we thought in November or December,” Stanjura stated after Tuesday’s assembly between EU finance ministers.

For the Czech authorities, help for Ukraine is a prime precedence.

The Czech Republic negotiated the help bundle for Ukraine throughout its Council of the EU Presidency within the second half of 2022. The one nation actively blocking the help was Hungary.

For the EU to have the ability to afford help to Ukraine, it was essential to borrow the cash and supply ensures.

In response to Stanjura, the dialogue amongst ministers on additional support for Ukraine was “temporary”. “I’m satisfied that many international locations have the identical view because the Czech Republic. I feel it’s a majority of nations,” he added.

(Aneta Zachová | EURACTIV.cz)



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