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The EU will present a plan of financial assistance to Ukraine for 2023 for €18 billion

Ursula von der Leyen

European Commission President Ursula von der Leyen

©Christophe Gateau/dpa/Global Look Press

The European Union plans to issue budgetary assistance to Ukraine, envisaged for 2023, with a total volume of €18 billion, we are talking about “very preferential long-term loans.” This is stated in the statement of the European Commission (EC), which was distributed following a telephone conversation between President of Ukraine Volodymyr Zelensky and head of the EC Ursula von der Leyen.

“The President of the European Commission next week will present a plan for significant financial assistance from the EU in the amount of up to €1.5 billion, which will total up to €18 billion to cover Ukraine’s priority needs in 2023,” the statement said.

It also notes that such assistance will contribute to reforms in Ukraine, which are necessary on the way to the country’s accession to the EU, writes TASS.

On EU plans to allocate about €18 billion to Ukraine next year previously reported by foreign media. According to the project, payments will be made every quarter, starting from January. According to sources, the EC plans to offer the countries of the European community three options for raising funds for financial assistance to Ukraine.

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