Italian Newspaper: Germany Blocks EU Aid Package to Ukraine
For more than a month, Germany has blocked the aid of the European Union to Ukraine in the amount of 9 billion euros, the Italian publication reports.
For more than a month, Germany has blocked an aid package in the amount of 9 billion euros, which should be the main form of EU support for Ukraine. The Italian publication writes about it Corriere della Sera.
According to journalists, the allocation of funds is not approved by the Minister of Finance of Germany, Christian Lindner, who is against providing assistance to Ukraine through a common European debt, as was already the case during the pandemic.
According to the newspaper, the idea of a 9-billion-dollar aid, born in the spring, was confirmed by all the leaders of the European Union at the end of May. The project envisages loans for Kyiv with repayment in 25 years and practically without interest thanks to the funds that the European Commission will collect by releasing to the market debt obligations guaranteed by European states. But Germany, the largest and most solid guarantor of this form of Eurobonds, opposes such a project.
So far, the German minister has only approved the first tranche in the amount of 1 billion, the funds from which should be paid to Ukraine by the end of July.
Meanwhile, Ukraine claims to provide aid in the amount of 5 billion dollars per month. This is explained by the fact that in September, Ukraine risks defaulting on its foreign debt of 900 million euros.
Earlier it became known about receiving by Ukraine more than 445 million euros of credit from the World Bank, US grant for $1.3 billion and a loan to Japan in the amount equivalent to approximately $500 million.
