European Commission head proposes providing Ukraine with another 5 bln euros in financial aid
BRUSSELS. Sept 7 (Interfax) - The European Commission has proposed allocating another 5 billion euros in financial aid for Ukraine, European Commission President Ursula von der Leyen said.
"Today the European Commission proposes an additional 5 billion euro in macro-financial assistance for the country [Ukraine]," von der Leyen wrote on Twitter on Wednesday, adding that the EU has provided Kyiv with financial, humanitarian, and military aid worth 10 billion euros.
This financing should complement the aid already provided by the European Union, including an emergency loan of 1.2 billion euros extended in the first half of 2022, the European Commission said in a statement.
"Taken together, the two strands of the program would bring the total MFA support to Ukraine [...] to 7.2 billion euro, and could reach up to 10 billion euro once the full package of exceptional MFA to Ukraine becomes operational this year," it said.
The financing will be provided to Ukraine "in the form of long-term loans on favorable terms to be disbursed in a small number of instalments," it said.
"The EU's support to Ukraine is unwavering," von der Leyen said.
European Commission Spokesperson Veerle Nuyts said at the end of August that the EU had paid Kyiv 1 billion euros of the 9-billion-euro macroeconomic aid package promised to Ukraine in May, and the European Commission was working on paying the rest of this sum.