Home Economy Zelensky’s office accused Germany of blocking €8 billion in financial assistance

Zelensky’s office accused Germany of blocking €8 billion in financial assistance

Germany is blocking consideration of the issue of allocating €8 billion to Ukraine, Igor Zhovkva, deputy head of the country’s president’s office, said on August 2.

“We expect another €8 billion to be provided. Unfortunately, certain states of the European Union, in particular Germany, are blocking consideration of this issue for the time being, and the President of Ukraine is actively negotiating with his partners,” Zhovkva is quoted by Gazeta.Ru.

On August 1, the press service of the European Commission announced that it could not provide Ukraine with a loan of €8 billion. The organization noted that guarantees from EU member states could become an alternative solution to the situation.

On the same day, Ukraine received the first tranche of macro-financial assistance in the amount of €500 million from the EU. Prime Minister of Ukraine Denys Shmygal noted that another €500 million is expected to be credited on August 2. He called these funds “part of a large package of support for Ukraine in overcoming the financial consequences” due to the current situation in the country, totaling € 9 billion. According to him, these funds will be used to finance the first needs of the state budget.

On July 18, the head of the European Council, Charles Michel, announced that the EU Council had agreed on the fifth tranche of military assistance to Ukraine for €500 million. Before that, the allocation of €2 billion for these purposes had already been approved. Thus, EU support in the form of military equipment for the Ukrainian army is €2.5 billion.

Western countries began to provide financial assistance to Ukraine against the backdrop of a Russian special operation launched on February 24 to protect the civilian population of Donbass. It began against the backdrop of the situation in the region that worsened in mid-February. Then the authorities of the DPR and LPR reported on the increased shelling by the Ukrainian troops, announced the evacuation of the civilian population in the Russian Federation and asked for recognition of independence. On February 21, Russian President Vladimir Putin signed a corresponding decree.

For more up-to-date videos and details about the situation in Donbass, watch the Izvestia TV channel.

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