Is EU support for Ukraine back on track?
During an extraordinary summit in Brussels on 1 February, all 27 EU heads of state finally agreed a €50 billion (£43bn) support package for Ukraine through the Ukraine Facility, a new funding instrument. This is good news for Ukraine’s president, Volodymyr Zelenskyy, and his administration who desperately need this money to keep the Ukrainian state running and pay wages to staff. The show of unity is also good news for the EU.
To be distributed over the next four years, the support package will consist of grants (€17 billion) and guaranteed loans (€33 billion). The financial grants will come from the revised 2021-27 European multiannual financial framework and should be approved by the European Parliament later this month.… Seguir leyendo »