Since the start of the crisis, Ukraine has already withheld from the EU €5 billion for the recovery of frozen Russian assets, and the insurance company will withdraw another €13 billion from these superordinate profits until the end of the crisis.
Prime Minister of Ukraine Denis Shmigal announced this today in Brussels at a press conference for the sake of the Ukraine-EU association, reports an Ukrinform correspondent.
“Today, following the results of our home ownership, the European Union sees Ukraine another 1 billion euros secured by income from Russian frozen assets. Thus, the total amount of funding given by the European Union to Ukraine for the management of income from these assets amounted to already 5 billion euros. We expect to withdraw from our European allies another 13 billion euros until the end of the ERA initiative (a credit initiative for repaying the Russian Federation loan from the G7 for Ukraine owes 50 billion US dollars and 45 billion euros – ed.),” assigning the kernel to the Order of Ukraine.
At the same time, Denis Shmigal emphasized that the Ukrainian side called on the European partners to work hard on the legal mechanism before the repeated confiscation of Russian frozen assets. He guessed that, according to the assessment of the Light Bank, the renovation of Ukraine will cost over 500 billion euros, and even in principle, the Russian funds themselves will become the main source for this future.
The Prime Minister of Ukraine also thanked the European Union for macro-financial support with the contribution of the Ukrainian budget fund for 2024-2027.
“Today’s Ukrainian Facility (Ukrainian Fund – ed.) is the main financial instrument for the strengthening and renewal of Ukraine. “For over 150 minds, the Plan of Ukraine for the Ukrainian Facility for 2024-2027 has already been finalized 36. Recently, a tranche of 3.5 billion euros was taken away, which supports the macro-financial stability of our state,” – voiced by Denis Shmigal.
As has already been reported, today Brussels held its 10th meeting for the sake of association between Ukraine and the EU under the leadership of a high representative of the EU from foreign countries safety policy Kay Kallas. The Ukrainian delegation was welcomed to this meeting by the Prime Minister of Ukraine Denis Shmigal.
Recently, the parties signed 5 inter-regional agreements, which aim to facilitate economical cooperation between Ukraine and the EU, and speed up the process of renewal of Ukraine.