It is assumed that the funds allocated in 2023 will have a grace period of 10 years. The money will be used to repair Ukraine’s critical infrastructure and post-war reconstruction.
On Saturday (December 10th), the Council of the European Union approved a financial aid package for Ukraine of 18 billion euros for 2023. This was reported by the press service of the department.
“Ukraine can count on the EU. We will continue to support Ukraine, including financially, as long as necessary. The legislation we adopted today means that Ukraine can count on regular financial assistance from the EU throughout 2023,” he said. Zbynek Staniura, Ministry of Finance of the Czech Republic.
It is known that the loan will have a grace period of 10 years. The money will be used to restore critical infrastructure and provide primary support for the country’s post-war reconstruction.
What is known about the macro-financial aid package?
The European Commission plans to collect €18 billion in loans and grants to Ukraine in 2023 to partially cover the expected budget deficit.
Recall that the EU considered three options for allocating funds to Ukraine for 2023. The first was to borrow money from EU stocks. The second is the allocation of budgetary guarantees by the European Commission. Third is the allocation of funds without counter-guarantees, which would require the Commission to reduce costs in the event of a default.
According to journalists, Hungary is also known to block the allocation of funds to Ukraine. But after a public scandal, Prime Minister Viktor Orban said that Budapest is not against lending to Ukraine.
Source: Focus
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