EU and the world

Europe will provide Ukraine with loans regardless of Donald Trump’s policy

The European Union has expressed its readiness to financially compensate for the possible withdrawal of the United States from a long-term multilateral agreement, which provides Ukraine with a loan of $50 billion for support in the war with Russia. About this informs Political.

Polish Deputy Minister of Finance Pawel Karbovnyk, speaking at an event marking the beginning of Poland’s presidency of the EU Council, noted that there is a threat of the US withdrawing from this agreement after the election of Donald Trump as president. He emphasized that this creates serious risks for the stable financing of Ukraine.

Earlier, the Speaker of the House of Representatives of the US Congress, Mike Johnson, said that the Congress did not include in the bill on spending $24 billion, which was requested by the administration of Joe Biden to help Ukraine. Johnson emphasized that the financing of Ukraine will depend on the policies of the newly elected president.

Earlier, the G7 countries agreed to provide Ukraine with a $50 billion loan using frozen Russian assets. According to the agreement, Brussels and Washington were to allocate $20 billion each, and Great Britain, Canada and Japan pledged to provide the rest. In the event that the US withdraws from the agreement, the EU is ready to compensate for their share of funding to ensure the implementation of the agreement and support for Ukraine.

 

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