EU Will Need to Increase Ukraine Funding to Plug Gap: Merz
- German Chancellor Friedrich Merz said the European Union must increase funding to support Ukraine through the winter and into next year.
- Ukraine faces a major budget shortfall, and Russia’s attacks have damaged its economy and increased its funding needs.
- The European Union has arranged a €90 billion loan for Ukraine, but Ukrainian authorities say tens of billions of euros more may be needed.
- EU leaders discussed using frozen Russian assets to support Ukraine, but Belgium opposed the proposal, limiting progress.
45 Articles
45 Articles
At the EU summit, Europe is wrestling for further Ukraine aid. Friedrich Merz calls for more funds, while Kiev lacks billions. What role frozen Russian assets could play.
German Chancellor Friedrich Merz said in Brussels on Thursday that Europe must increase financial support for Ukraine, as European Union leaders gather for a summit to discuss aid for Kiev. He told reporters that during several meetings held in small groups he had stressed the need to help Ukraine weather the winter and provide support for next year. "We must do everything possible to help Ukraine weather the winter, but also next year," Merz sa…
Kiev needs long-term assistance.
Westfalenpost
The chancellor says that once again "the funds must be increased", and the issue of finance is driving the Union elsewhere.
The chancellor says that once again "the funds have to be increased", and the issue of finance is driving the Union elsewhere.
The 90 billion euro support loan granted by the EU to Ukraine has proven to be insufficient.
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