The EU may release €90 billion in aid for Ukraine as early as this week
The issue of granting Ukraine a €90 billion loan from the European Union could be resolved even before the European Council meeting on March 19–20.
This was stated by European Commission Chief Spokesperson Paula Pignot.
According to her, negotiations on financing are ongoing, and the EU expects rapid progress.
“Discussions are ongoing regarding this extremely important loan for Ukraine, and we hope to see some progress soon. Ideally, this should happen before the European Council meeting,” she noted.
Pinho added that the release of funding became possible after Ukraine agreed to accept EU technical and financial assistance for the repair of the Druzhba oil pipeline.
According to her, a relevant expert is already preparing to travel to Ukraine to assess the necessary work.
“The expert is ready to travel to Ukraine to ensure that all necessary work is carried out to restore the pipeline and oil supplies,” the European Commission spokesperson emphasized.
Ukraine has sufficient budgetary resources to continue financing government spending and defense at least until early May. At the same time, the European Union has additional time to resolve the issue of Hungary’s veto on the allocation of a €90 billion loan to Ukraine.
As a reminder, Polish Prime Minister Donald Tusk stated that Europe can use the €90 billion in financial aid for Ukraine without additional approval from Hungary, since this decision has already been supported by all countries, including Budapest.
