The US demands that the EU accelerate financial assistance to Ukraine - FT

The US demands that the EU accelerate financial assistance to Ukraine - FT

The USA demands from the EU countries to speed up and increase financial support to Ukraine, the Financial Times informs with reference to sources.

 

 Senior officials in US President Joe Biden's administration have reportedly expressed frustration in Brussels over the slow delivery of European aid to Kyiv, four officials said on condition of anonymity. According to them, they also appealed to Brussels to create a "regular mechanism" for financial support.

 

 Washington has been in "frequent contact" with the European Commission and EU member states about the need to "promptly provide the promised economic assistance to Ukraine," said one of the US officials, adding: "We repeat our call to all partners of Ukraine to provide the promised assistance to Ukraine as soon as possible, increase their obligations and give priority to assistance in the form of grants rather than loans.

 

 Washington used meetings on the sidelines of the UN General Assembly last week to urge European partners to remove "bottlenecks" holding back money, according to a European official familiar with the discussions.

 

 Another EU representative said that the Prime Minister of Ukraine Denys Shmyhal met with the President of the European Council Charles Michel to emphasize that Kyiv needs about 3.5 billion euros per month. “The only message ... was an immediate need to see (the money). He pleaded for it to happen as soon as possible,” whether in loans or grants, the official said.

 

 A senior US official said: "We look forward to the start of the EU's promised €5 billion in aid starting next month, and call on the EU to quickly develop a regular mechanism to continue providing budget support to Ukraine in the future."

 

 “It is important to emphasize that an emergency package of this extraordinary size requires careful budget management to ensure that any risks to the budget are adequately covered by the necessary budget cover. This requires careful consideration and, therefore, takes more time," said the representative of the European Commission.

 

 Washington provided Kyiv with $8.5 billion in aid and asked Congress for another $4.5 billion in grants.

 

 Meanwhile, Brussels has paid €1 billion of the €9 billion promised in May. This month, he agreed to provide another 5 billion euros, but has not yet disbursed the funds. It hopes to pay the remaining €3 billion by the end of the year.

 

 This is in addition to the €1.2 billion EU loan provided earlier this year, which is equivalent to a third of the Ukrainian government's monthly external financing needs.



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The USA demands from the EU countries to speed up and increase financial support to Ukraine, the Financial Times informs with reference to sources.

 

 Senior officials in US President Joe Biden's administration have reportedly expressed frustration in Brussels over the slow delivery of European aid to Kyiv, four officials said on condition of anonymity. According to them, they also appealed to Brussels to create a "regular mechanism" for financial support.

 

 Washington has been in "frequent contact" with the European Commission and EU member states about the need to "promptly provide the promised economic assistance to Ukraine," said one of the US officials, adding: "We repeat our call to all partners of Ukraine to provide the promised assistance to Ukraine as soon as possible, increase their obligations and give priority to assistance in the form of grants rather than loans.

 

 Washington used meetings on the sidelines of the UN General Assembly last week to urge European partners to remove "bottlenecks" holding back money, according to a European official familiar with the discussions.

 

 Another EU representative said that the Prime Minister of Ukraine Denys Shmyhal met with the President of the European Council Charles Michel to emphasize that Kyiv needs about 3.5 billion euros per month. “The only message ... was an immediate need to see (the money). He pleaded for it to happen as soon as possible,” whether in loans or grants, the official said.

 

 A senior US official said: "We look forward to the start of the EU's promised €5 billion in aid starting next month, and call on the EU to quickly develop a regular mechanism to continue providing budget support to Ukraine in the future."

 

 “It is important to emphasize that an emergency package of this extraordinary size requires careful budget management to ensure that any risks to the budget are adequately covered by the necessary budget cover. This requires careful consideration and, therefore, takes more time," said the representative of the European Commission.

 

 Washington provided Kyiv with $8.5 billion in aid and asked Congress for another $4.5 billion in grants.

 

 Meanwhile, Brussels has paid €1 billion of the €9 billion promised in May. This month, he agreed to provide another 5 billion euros, but has not yet disbursed the funds. It hopes to pay the remaining €3 billion by the end of the year.

 

 This is in addition to the €1.2 billion EU loan provided earlier this year, which is equivalent to a third of the Ukrainian government's monthly external financing needs.