EU to Gift $18 Billion to Ukraine Next Year, the Rest Will Come From U.S

EU to gift $18 Billion to Ukraine Next Year, Rest Will Come From U.S
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The European Union will give Ukraine 1.5 billion euros (about US$1.5 billion) in 2023 to assist with running the country while it fights against Russia.

European Commission President Ursula von der Leyen spoke after the 27 national EU leaders discussed supporting Ukraine during the second day of their summit in Brussels on Friday.

She said the EU has so far sent $19 billion to Ukraine this year.

“It is very important for Ukraine to have a predictable and stable flow of income,” she said, adding that Kyiv estimated its monthly needs at 3-4 billion euros “for the basics.”

Von der Leyen said the EU would finance 1.5 billion euros per month, with the rest expected to come from the United States.

“That will give a total of 18 billion for the next year – an amount Ukraine can count on and where there is a stable and reliable, predictable flow of income.”

During a video link, Volodymyr Zelensky addressed the EU leaders saying Russian missiles and Iranian drones have damaged a third of Ukraine’s energy infrastructure.

RELATED: IMF: Ukraine Needs $4 BILLION a Month to Keep Govt From Collapsing

“Russia also provokes a new wave of migration of Ukrainians to EU countries,” Zelensky said.

“Russian terror against our energy facilities is aimed at creating as many problems as possible with electricity and heat for Ukraine this fall and winter so that as many Ukrainians as possible move to your countries.”

Von der Leyen said the EU was looking to help Ukraine re-establish water, power and electricity supplies.

Zelensky asked the EU for air and missile defence systems and called for “new powerful” sanctions on Russia and Iran for supplying drones in Moscow’s war.

Poland and the three Baltic states proposed banning diamond imports from Russia and phasing out the steel trade.

Meanwhile, Hungary opposed sanctions against Russia, while Germany and France have said current measures already go far.

Zelensky appealed for more aid pledges to be made at an international conference in Berlin next Tuesday.

European Council President Charles Michel, the summit’s chairman, said the EU was looking at using Russian assets frozen under sanctions.

Estonian Prime Minister Kaja Kallas said that seizing assets amounted to some 300 billion euros, while Berlin and others have warned it might be illegal.

Kallas also sided with Lithuania for a possible international tribunal to judge possible war crimes committed in Ukraine.

“This is pure terrorism,” Kallas said of Russia’s war.

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