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

SHARE
TWEET
EU to gift $18 Billion to Ukraine Next Year, Rest Will Come From U.S

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.

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Breaking

Trending

Reports Emerge of Drivers Becoming 'Sick' While Driving Electric Vehicles
Reports Emerge of Drivers Becoming 'Sick' While Driving Electric Vehicles
Electric vehicle drivers and their passengers are falling sick according to experts, who say the lack...
'The View' Hosts Implode as They Realize Alvin Bragg's Trial Is Helping Trump
'The View' Hosts Implode as They Realize Alvin Bragg's Trial Is Helping Trump - WATCH
ABC’s “The View” co-hosts have only just begun to realize the Manhattan DA Alvin Bragg‘s...
Teacher Fired after Refusing to Use Preferred Pronouns Wins $360,000 Settlement
Teacher Fired after Refusing to Use Preferred Pronouns Wins $360,000 Settlement
A former high school teacher who was terminated for refusing to use students’ preferred pronouns...
Don Lemon Reveals Grim News as He Hit Rock Botton in Major Career Failure
Don Lemon Reveals Grim News as He Hits Rock Botton in Major Career Failure
Former CNN, anchor Don Lemon, is facing more setbacks after Elon Musk cut short his doomed venture into...
Rumble Sues Google for over $1 Billion for Ad Monopoly Abuse
Rumble Sues Google for over $1 Billion for Ad Monopoly Abuse
Search giant Google is facing a $1 billion lawsuit from Rumble for illegally leveraging its technological...
Leftists Triggered after Trump Calls for Child Sex Traffickers to Get Death Penalty
Leftists Triggered after Trump Calls for Child Sex Traffickers to Get Death Penalty
Leftist news outlet The Huffington Post responded angrily to Donald Trump’s suggestion that drug...
Son of New Zealand MP Dies Suddenly at 22
Son of New Zealand MP Dies Suddenly at 22
ACT MP Mark Cameron announced the death of his Son Brody, 22, after he died unexpectedly, sparking an...
Melinda Gates Resigns from The Bill and Melinda Gates Foundation
Melinda Gates Resigns from The Bill and Melinda Gates Foundation
Melinda French Gates announced she is resigning from the Bill and Melinda Gates Foundation, the philanthropic...
Pelosi Warns Against Biden Debating Trump as Handler Issue 'List of Demands'
Pelosi Warns Against Biden Debating Trump as Handlers Issue 'List of Demands'
Former House Speaker Nancy Pelosi said she would not recommend that Joe Biden debate President Donald...
18 States Sue Biden Admin for New Gender Identity Rules for Employers
18 States Sue Biden Admin for New Gender Identity Rules for Employers
Tennessee Attorney General Jonathan Skrmetti led a coalition of 18 states in filing a lawsuit against...
0
What are your thoughts? Click to commentx
()
x

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.