Ukraine has received a new rescue loan of €1.5 billion from the EU. As Commission President Ursula von der Leyen announced on Tuesday, he should help the Russian-attacked country keep the state running and restore infrastructure.
“As Russia continues its brutal war, we will continue to support Ukraine,” she said. At the same time, von der Leyen strongly condemned recent Russian attacks on Ukrainian grain warehouses and export infrastructure.
Loan program of €18 billion
The money is part of the loan program of up to €18 billion that EU member states agreed last December for this year. With the financial support, the EU wants to enable the Ukrainian state to continue paying wages and pensions. In addition, the operation of hospitals, schools and emergency shelters for resettled people must be guaranteed. In addition, the money can also be used to restore the infrastructure destroyed by the Russian offensive war. These are, for example, power lines, water systems and roads and bridges.
Despite the ongoing war, the loans are tied to 20 reform commitments and reporting obligations. For example, they concern the rule of law and the fight against corruption. Ukraine has up to 35 years to repay the money, which is expected to begin in 2033. The interest costs are borne by the member states of the EU.
Source: Krone
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