Two months have passed since the G7 leaders at the summit in Puglia, Italy, pledged to provide Ukraine with $50 billion, derived from interest from frozen Russian assets, but the EU still has not taken the necessary legislative steps to implement this initiative. Time passes, and Ukrainian finances remain under pressure. About this writes Political.
During the summit, European Commission President Ursula von der Leyen and other world leaders agreed to use revenues from frozen Russian assets to support the Ukrainian budget, underscoring the importance of this aid for the country’s stability.
The EU was supposed to pass legislation that would continue the asset freeze until Russia compensates for the damage caused by the war. This would ensure the receipt of interest to repay the planned $50 billion for Ukraine without additional costs from EU or US taxpayers.
Despite the importance of the decision, its implementation stopped. EU leaders, in particular German Chancellor Olaf Scholz and French President Emmanuel Macron, did not intensify the process, and the President of the European Commission did not take the necessary measures either.
The delay on the part of the EU also affects the US, which cannot consider its financial obligations as a loan until a legal framework is created in Europe. This makes it difficult to provide aid to Ukraine, as funding through the US Congress may be delayed or not provided at all.
